Jobless rate continues to drop


ASSOCIATED PRESS: Employers in America added 223,000 jobs in April.

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ASSOCIATED PRESS: Employers in America added 223,000 jobs in April.

The job growth helped lower the unemployment rate to 5.4 percent from 5.5 percent in March, the Labor Department said Friday. That is the lowest rate since May 2008, six months into the Great Recession. The gains signal that companies are confident enough in their outlook to hire at a steady pace. The job growth could help fuel an economic rebound after a January-March quarter in which the U.S. economy is thought to have shrunk.

“Today’s report argues that the economy is in decent health,” says Scott Clemons, chief investment strategist at Brown Brothers Harriman Private Banking.

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