10192018Fri
Last updateFri, 19 Oct 2018 1pm

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Manufacturing & The Economy

Unemployment Rate Falls to 10-Year Low

Total nonfarm payroll employment increased by 211,000 in April, and the unemployment rate fell to a 10-year low of 4.4%, the U.S. Department of Labor reported today. Economists were expecting an increase in the range of 185,000. Job gains occurred in leisure and hospitality, health care and social assistance, financial activities and mining. Employment in manufacturing was little changed.

Employment in mining rose by 9,000 in April, with most of the increase in support activities for mining (+7,000). Since a recent low in October 2016, mining has added 44,000 jobs, with three-fourths of the gain in support activities for mining. 

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