M a y 2 , 2 0 1 4
• Robust hiring in April and upward revisions to prior months’ job creation totals drive
2014 monthly average employment gains above the 200,000 benchmark.
• The jobless rate plunged 0.4 percentage points to 6.3%, bringing unemployment to
its lowest levels since 2008.
• April’s employment report is largely positive, suggesting U.S. economic growth may
be gaining momentum after a winter slump.
Job creation surged in April, as employers added 288,000 new workers to their payrolls, the largest monthly employment gain in more than
two years. Employment growth in March was revised upward by 11,000 workers, and an additional 25,000 workers were added to
February’s payroll gains. With the revisions, employment growth has averaged more than 214,000 per month thus far in 2014.
JOB GAINS WIDELY SURPASS EXPECTATIONS
AVERAGE HOURLY EARNINGS
1.9% ABOVE LAST YEAR
U.S. EMPLOYERS HIRED
WORKERS IN APRIL
THE UNEMPLOYMENT RATE FELL TO
7.5% LAST APRIL