Transport Topics
US Payrolls Rebound to 164,000 Gain; Jobless Rate Hits 3.9%
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U.S. hiring rebounded in April, and the unemployment rate dropped below 4% for the first time since 2000, while wage gains unexpectedly cooled, suggesting the labor market still has slack to absorb. Payrolls rose 164,000 after an upwardly revised 135,000 advance, Labor Department figures showed May 4.
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