Abridge Newsjust landed in the App Store.
The Quick Facts
- Friday saw the release of the April jobs report, which boasted some encouraging economic figures.
- One of the most notable numbers was the unemployment rate, which dropped to 3.6%, the lowest since 1969.
- The report indicated that April was a strong month of hiring, with employers adding 263,000 new jobs. Economists had expected the economy to add only 185,000 jobs last month.
- The numbers also showed that average hourly wage was up 3.2% compared to a year ago.
- The news was greeted favorably on Wall Street, and the Dow Jones closed on Friday up 197 points.