US adds 223,000 jobs in April as unemployment falls to seven-year low
by Rupert Neate in New York from on (#8MW2)
Unemployment rate edged lower to 5.4%, from 5.5% the previous month, the Labor Department said on Friday
US unemployment has fallen to its lowest since 2008 after the economy added 223,000 jobs in April taking the unemployment rate down to 5.4% - close to the rate the Federal Reserve considers to be effective full employment.
The jobless rate fell from 5.5% to 5.4% the lowest since May 2008 - before the financial crisis struck - in a signal that companies are confident about the strength of the US economy.
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