April marked the 79th consecutive month of job gains in the U.S. After weaker-than-expected results in March, job growth rebounded strong in April as employers added 211,000 new positions, according to the Bureau of Labor Statistics (BLS).
Updated figures for February and March show that 6,000 fewer jobs were added than originally reported by the BLS. The economy has gained 738,000 jobs in 2017 and more than 2.2 million new positions over the past 12 months.
The jobs report also shows that the national unemployment rate dropped to 4.4 percent, which is near a 10-year low. The unemployment rate for college-degreed workers who are 25 or older — the most sought-after workers — was just 2.4 percent.
Here are some additional insights from the April jobs report:
- The professional and business services sector had another strong month, with job gains of 39,000. Over the past 12 months, 612,000 jobs have been added in this sector.
- Healthcare added 20,000 jobs in April, in line with the growth shown during the first quarter of 2017.
- Financial activities added 19,000 jobs. This sector has added 173,000 jobs over the past year.