US Unemployment Rate is Lowest in 4 Years

The U.S. economy added 165,000 jobs last month and the country’s unemployment rate declined to the lowest level since 2008. The news helped push U.S. stock prices to new highs, with the Dow Jones Industrial Average climbing above 15,000 and the S&P 500 Index over 1,600 shortly after the announcement.

Friday’s Bureau of Labor Statistics report says the jobless rate was 7.5 percent in April, one-tenth of a percent lower than the previous month.  

Job gains were …

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