WASHINGTON (AP) U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and now anticipate strong customer demand.
The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop reflected a rise in the number of people who stopped looking for work. Average hourly pay rose 3.2% from 12 months earlier, a healthy increase that matched the increase in March.
Fridays jobs report from the Labor Department showed that solid economic growth is still encouraging strong hiring nearly a decade into the economys recovery from the Great Recession. The economic expansion is set to become the longest in history in July.
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