BOUNCING BACK

U.S. Unemployment Hits a 10-Year Low

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.