US Economy Adds 263,000 Jobs In April

The Labor Department reports that 263,000 jobs were added to the U.S. economy in April, making for a record 103 straight months of positive job growth.

With those jobs factored in, the unemployment rate dropped to 3.6 percent, the lowest since 1969.

The official unemployment rate has been at or below 4 percent for more than a year.

Additionally, average hourly earnings rose 3.2 percent in the past year.