Economy & Trade

Economy adds 263K jobs in April, blowing past expectations

The U.S economy added 263,000 jobs in April, the Labor Department reported Friday, blowing past expectations.

The unemployment rate also dropped 0.2 percentage points to 3.6 percent, a new record low for the recovery following the 2008 recession.

The labor force participation rate declined 0.2 percent to 62.8 percent.

Economists expected the economy to add roughly 190,000 jobs in April after the economy added an average of 180,000 jobs per month and gross domestic product rose at an annual rate of 3.2 percent in the first quarter of 2019.

This developing report will be updated.

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