Jobs Report: 164K Added, Unemployment Rate Lowest Since December 2000 Jobs Report: 164K Added, Unemployment Rate Lowest Since December 2000 – NTK Network

Jobs Report: 164K Added, Unemployment Rate Lowest Since December 2000

The unemployment rate is lower than it has been in almost 18 years.

By NTK Staff | 05.04.2018 @9:00am
Jobs Report: 164K Added, Unemployment Rate Lowest Since December 2000

The Bureau of Labor Statistics (BLS) announced on Friday that the U.S. economy added 164,000 jobs in April. More importantly, though, the unemployment rate dipped below four percent for the first time since December 2000.

Total nonfarm payroll employment increased by 164,000 in April, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, manufacturing, health care, and mining.

The jobs number beat March, and missed economists’ expectations for April by about 28,000.

But the low unemployment rate beat economists’ expectations by 0.1 percent.

The last time the unemployment rate was below four percent was December 2000, when Bill Clinton was still president. The unemployment rate was 3.9 percent from September 2000 through December 2000, and was 3.8 percent in April 2000.

If the unemployment rate manages to dip below 3.8 percent in 2018, the U.S. economy will be in near-unprecedented strong territory. The last time the unemployment rate was below 3.8 percent was 1969 (and Lyndon B. Johnson was president).

In fact, April 2018 is only the seventh month since 1970 (a total of 580 months) that the unemployment rate has been under four percent.

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