U.S. Hiring Jumped in April; Unemployment Falls to 3.6%
Nation saw increased employment in professional business services, construction and health care.
American employers picked up the pace of hiring in April and the unemployment rate fell to a fresh half-century low, adding to signs of a healthy U.S. economy.
Nonfarm payrolls increased a seasonally adjusted 263,000 in April, the Labor Department said Friday. The unemployment rate fell to 3.6% last month, the lowest level since December 1969. Average hourly wages for private-sector workers grew 3.2% from a year earlier, matching the prior month’s increase.
Economists surveyed by The Wall...