Unemployment Rate Lowest Since 2000, and 5 More Things You Should Know From April’s Jobs Report
You may have heard that the unemployment rate dropped below 4 percent in April, for the first time since 2000. Here are five more things you should know from the April 2018 Employment Situation report released last Friday by the Department of Labor’s Bureau of Labor Statistics.
- Adult Women Had Their Lowest Unemployment Rate Since December 2000
The unemployment rate for adult women (20 years and over) fell to 3.5 percent in April 2018.
- The Hispanic Unemployment Rate Is At a Record Low
The unemployment rate for Hispanics fell to 4.8 percent in April 2018.
- 900,000 Prime-Age Americans Joined the Labor Force Since November 2016
900,000 Americans ages 25-54 have joined the labor force since President Trump was elected in 2016.
- The African-American Unemployment Rate Hit an All-Time Low
The unemployment rate for African Americans fell to 6.6 percent in April 2018. This was the second time the unemployment rate for African Americans hit a new record low under President Trump.
- 3.2 Million New Jobs Have Been Created Since November 2016
Nearly 3.2 million jobs have been added to the U.S. economy since President Trump was elected in 2016. About 800,000 of these jobs were created since the president signed the Tax Cuts and Jobs Act into law.