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Hiring was strong for the second straight month in April and unemployment fell to a new 50-year low, easing concerns that a slowing global and U.S. economy could dampen job growth.
Employers added a booming 263,000 jobs, the Labor Department said Friday, beating forecasts of 190,000. The unemployment rate fell from 3.8% to 3.6%, lowest since December 1969, but that was because nearly 500,000 Americans left the labor force, which includes people working and looking for jobs.
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