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U.S. unemployment drops below 4%, the first time since December 2000

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. unemployment rate fell to to 3.9% in April, the first time it's fallen below 4% since December 2000. Economists expected a 4% drop.

The U.S. also added 164,000 jobs last month, up from 103,000 in March, but lower than the 192,000 consensus forecasted by economists.