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US Jobs Report shows April payrolls increased by 263,000

April non-farm payrolls handily beat the consensus estimate of 180,000

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The unemployment rate fell to 3.6%, the lowest rate since December 1969

US non-farm payroll employment increased by 263,000 in April, compared with a consensus estimate of 180,000.

The unemployment rate fell to 3.6%, the lowest rate since December 1969. The government noted job gains in professional and business services, construction, health care, and social assistance.

The April payrolls outpaced the 196,000 jobs created in March. For 2019, January marked the best gains so far, with payrolls swelling by 311,000.

Dow Jones Industrial Average futures were up 88 points, or 0.34%, at the time the report was released.

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