(screen capture via Yahoo Finance) The April jobs report issued by the Bureau of Labor Statistics showed a robust 253,000 jobs added to the U.S. economy last month. Economists had expected 185,000 new jobs. Thanks to those quarter of a million new jobs, the unemployment rate dropped to 3.4% – the lowest rate seen since May 1969. The Black unemployment rate dropped to 4.7 percent in April, the lowest in recorded history, and the first time ever below 5 percent. The stock market responded positively to the news with the Dow closing up more than 546 points and the S&P 500 closing up 75 points. Average hourly earnings, year-over-year, has risen 4.4% (economists expected that number to be 4.2%). Read more at Yahoo Finance. https://twitter.com/YahooFinance/status/1654465718123986945 https://twitter.com/keithboykin/status/1654476679459528705
