Unemployment Falls to Lowest Levels Since 1969
Today, May 3, 2019 the Bureau of Labor Statistic released the latest unemployment rate numbers, revealing the rate declined to 3.6% (1). This new unemployment rate of 3.6% is the lowest the unemployment rate has been since December of 1969 (2). The labor department cited a nation-wide gain of 263,000 jobs being created in the month of April, far exceeding estimates of 190,000. (3). Additionally, earlier in the week the Bureau of Economic Analysis reported personal income had grown $11.4 billion (0.1 percent m/m) in the month of March, while core inflation remained unchanged (4).