KEY POINTS
  • The U.S. added 263,000 new hires in April, easily beating Wall Street expectations of 190,000.
  • The unemployment rate fell to 3.6% vs. 3.8% expected and the lowest since December 1969.

The U.S. jobs machine kept humming along in April, adding a robust 263,000 new hires while the unemployment rate fell to 3.6%, the lowest in a generation, the Labor Department reported Friday.

Nonfarm payroll growth easily beat Wall Street expectations of 190,000 and a 3.8% jobless rate.