Unemployment Rate Down To 7.5 Percent
DAVID GREENE, HOST:
NPR's business news begins with some good economic news.
The Dow Jones Industrial Average hit 15,000 for the first time ever this morning. The S&P 500 also hit a record high. All of this came just after the release of a positive jobs report. The Labor Department says 165,000 jobs were created in April. Economist have been expecting about 150,000 new jobs last month.
It also turns out job creation in February and March was much stronger than originally reported. Meanwhile, the unemployment rate ticked down to 7.5 percent. That is the lowest it's been since December of 2008.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.