U.S. Unemployment Hits a 10-Year Low

BOUNCING BACK

Updated May 05, 2017 10:07AM EDT / Published May 05, 2017 9:42AM EDT

Job growth in the U.S. bounced back in April, according to new figures from the U.S. Department of Labor issued Friday. The numbers follow weak March results: 211,000 jobs were added last month, bringing the three-month average to 174,000. The unemployment rate ticked down to 4.4 percent from 4.5 percent, making it the lowest rate in more than 10 years. According to the report, wage gains were modest, but employers continue to complain about a shortage of employees, in particular for part-time work.

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U.S. Unemployment Hits a 10-Year Low