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1st LD: U.S. economy adds more jobs in April, jobless rate falls to 4.4 pct

Xinhua, May 5, 2017 Adjust font size:

U.S. payroll gains expanded at a faster pace in April, and the unemployment rate dropped to 4.4 percent, the lowest in a decade.

The total nonfarm payroll employment increased by 211,000 in April, beyond market expectation of 185,000, according to data released by the Labor Department on Friday. The better-than-expected data followed a weaker reading in March, when payroll gains were only 79,000.

As more people got jobs, the unemployment rate fell to 4.4 percent, the lowest since May 2007. The low rate could help the Federal Reserve stay on track to gradually increase interest rates this year. Endi