America’s job market rebounded in April.
The unemployment rate dropped to 4.4%, its lowest level since May 2007.
America added a solid 211,000 jobs in April, surpassing the 79,000 jobs gained in March, according to Labor Department figures released Friday.
We’re nearing full employment in the US economy.
The low unemployment rate captures how far the US economy has come since the Great Recession ended in 2009, when unemployment hit 10%.
Job gains came across the board. Health care added 20,000 new positions, business services gained 39,000 jobs and hotels and restaurants brought on 55,000 more workers. Even construction, mining and manufacturing saw modest gains.
April’s report showed other signs of progress. US underemployment — which includes Americans in part-time jobs and those at different lengths of unemployment — hit its lowest mark in a decade too. The largest measure of underemployment — known as the “U-6 rate — hit 8.6%. That’s down from 17% in 2010 and even lower from a year ago.
You, as a prospective candidate, should use this information to require a higher salary and hold out for the perfect position. It’s an employee’s job market out there, take advantage of it!