US economy adds 263,000 jobs

The US economy added 263,000 jobs in April, beating expectations.

Meanwhile the unemployment rate fell to its lowest level since 1969, falling from 3.8% to 3.6%.

The figures indicate the US economy remains on a strong track, although economists warn the strong numbers are unlikely to continue all year.

Despite the strong jobs growth, US inflation remains below the Fed's target of 2%.

More from Business

Coming Up on Dubai Eye

  • Nights on Dubai Eye 103.8

    11:00pm - 7:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

  • Nights on Dubai Eye 103.8

    7:00am - 10:00am

    Dubai Eye complements the conversation with the music you love from the eighties, nineties and newer.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.