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Unemployment Falls To A Record Low As US Creates 263,000 Jobs In April

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President Donald Trump’s economic policies have continued to yield results as employers added 263,000 jobs in April.

“Total nonfarm payroll employment increased by 263,000 in April, and the unemployment rate declined to 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, construction, health care, and social assistance.” Labor Department stated on Friday.

Labor Department further revealed that unemployment rate fell to 3.6 percent well above what analysts had forecast – marking the lowest level since December 1969.

About 76,000 jobs were added by professional and business services while constructions companies added 33,000 to its payrolls. The healthcare and social assistance hired 27,000 and 26,000 people respectively.

4,000 jobs were added by manufacturers, while government employed about 27,000 people.

However, there was a decline in the retail sector as retailers cut 12,000 jobs.

In March, about 196,000 new jobs were added according to the Labor Department. More jobs are expected to be added as the economy rebounds following a slow start.

Additionally, amount earned by average workers increased from 6 cents to $27.77 an hour reflecting a 3.2 percent increase.