The U.S. economy added another 263,000 jobs in April, according to a new report released by the Bureau of Labor Statistics. Notably, the unemployment rate dropped to 3.6 percent, the lowest level seen since December 1969.
Both numbers beat experts’ expectations, which were 190,000 jobs added and an unemployment rate of 3.8 percent.
Additionally, USA Today reported that monthly job gains for February and March were recently revised up by 16,000 jobs overall.
And while U.S. job growth remains strong, the biggest factor impacting that continued growth could be foreign markets. USA Today’s Paul Davidson noted that European and Chinese markets “have been sputtering,” but he notes that there are signs that things are beginning to rebound in China again.
Meanwhile, wage growth remained steady in April, and the annual rise in earnings currently stands at 3.2 percent.
For a breakdown on the sectors that grew the most, check out AR/Intel’s monthly jobs report graphic below: