The U.S. economy added 288,000 new jobs in April, the biggest number the report has seen since 2008. That's up from the 203,000 new jobs reported for March (even after that number was revised today.) And the unemployment rate dropped to 6.3 percent, down from a previously steady rate of 6.7 percent.
Here are a few other details from the latest report, which you can read in full here:
- The number of long-term unemployed Americans, or those out of work for more than 27 weeks, declined by 287,000. That figure is now 3.5 million.
- The average hourly earnings for all private nonfarm payroll employees was steady at $24.31.
- The average work week was also steady, at 34.5 hours in April
- Job growth had averaged 190,000 per month over the prior 12 months
- Job growth this month comes from increases in the following sectors: professional and business services, retail trade, food services and drinking places, and construction.