U.S. adds 211,000 more jobs, but unemployment hits all-time low

The U.S. job market was able to bounce back in April with 211,000 more jobs, but the unemployment rate dropped to an all-time low. According to the Labor Department, the unemployment rate went down to 4.4 percent, the lowest it has been in a decade. It was also reported that the average hourly earnings rose by 2.5 percent from last year to $26.19. Jobs in mining and manufacturing were on the rise, but the major job gains were seen in education, health, and business services. Economists praised by the rise in the job markets, but noted that the growth has not changed the number for wage increases. “Two hundred thousand for jobs growth is just such a huge number, you’d think we’d get to a point where employers have to raise wages, and we’re still not seeing it.” George Washington University Economist Tara Sinclair