>> A sharp rebound in hiring for April, pushing the U.S. unemployment rate to the lowest it's been in ten years. The closely watched monthly job report released Friday, showing the unemployment rate falling further to 4.4%. Job seekers finding it easier to land a gig with employers showing a renewed confidence to take on new workers.
211,000 jobs were created in April, which was more than twice the number seen the month before. The monthly hiring figures are considered the most important barometer of which way the economy is heading, and the solid pickup last month is going a long way to soothe fears after other data like a slow down in auto sales, suggested the economy was hitting a soft patch.
Other positive signs from the report, bigger paychecks, wages over the past 12 months have risen 2.5%. And retail hiring rebounded from a two month slide that saw more than 60,000 jobs disappear. The rebound and hiring across the board lending support to the Federal Reserve and its belief that the economy is heading for better days.