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Unemployment rate drops to lowest level since September 2008.
May 2, 2014
By: TOM BRANNA
Editor
The US generated 288,000 jobs in April—the biggest increase in more than two years – and the unemployment rate fell to 6.3%, a strong performance that suggests the economy is accelerating after tepid first-quarter growth. The unemployment rate is the lowest since September 2008. Economists surveyed by MarketWatch had expected an increase of 200,000 nonfarm jobs. Employment gains for March and February were also revised up by a combined 36,000, the Labor Department said Friday. The job grow...
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