By any measure, the economic news that came out in April was outstanding. The real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the first quarter of 2019, which was higher than expected, and average hourly earnings showed a 12-month increase of 3.2 percent. In addition, worker productivity increased at a rate of 2.4 percent in the first quarter of 2019 compared to a year ago. However, the biggest news was that the economy added 263,000 jobs in April, which pushed the unemployment rate down to 3.6 percent - the lowest it's been since 1969.
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