The U.S. unemployment rate just fell to a 50-year low

April, the U.S. economy added 263,000 jobs, rising significantly from March’s 196,000, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. Mortgage Bankers Association Senior Vice President and Chief Economist Mike Fratantoni said with hiring so strong, the unemployment rate has fallen to its lowest level since 1969.