US Unemployment Falls to 10-year Low at 4.4 Percent

The U.S. job market staged a rebound in April with employers, adding 211,000 workers to their payrolls and the unemployment rate fell to a 10-year low of 4.4 percent.

April’s employment numbers are a big improvement from March when the economy added only 98,000 jobs.

Analysts say that makes it more likely the Federal Reserve will remain on track to raise its benchmark interest rates again in June.

Job gains in April came from hospitality and leisure services, followed by health care and financial services.

Average hourly earnings grew modestly, up 2.5 percent from the previous year.

Despite volatility in March, the economy has now added an average of 185,000 jobs per month in 2017.

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