America's job market rebounded in April, according to the Labor Department. The unemployment rate dropped to 4.4%, its lowest level since May 2007, and a solid 211,000 jobs were added, far surpassing the disappointing 79,000 jobs gained in March.
The low unemployment rate captures how far the US economy has come since the Great Recession ended in 2009, when unemployment hit 10%.
Many economists say the US is now at or near "full employment," meaning the unemployment rate won't go down significantly more and wage growth should start to speed up.
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