Unemployment Rate Edges Down After 6 Months At 4.1%

May 4, 2018

The Bureau of Labor Statistics released April's Employment Situation Summary, as it does the first Friday of every month for the previous month's economic statistics. Unemployment has been at 4.1 percent for six consecutive months until this month when it edged down to 3.9 percent.  

In April, average earnings for nonfarm payroll rose by four cents to $26.84. Over the year average hourly earnings have increased by 67 cents, or 2.6 percent. 

Job gains have averaged 208,000 over the last three months in nonfarm payroll employment.