The labor market bounced back at least modestly in April as employers added 164,000 jobs and unemployment fell below 4% for the first time in 17 years, easing concerns that trade tensions and worker shortages may be crimping hiring.
The unemployment rate, which is calculated from a different survey, fell from 4.1% to 3.9%, lowest since December 2000, the Labor Department said Friday.
CNBC Contributor Jim Pethokoukis joined Dan and Amy with reaction to the April jobs numbers: