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US economy adds 223,000 jobs in April, unemployment down to 5.4%

The unemployment rate fell to a seven-year low of 5.4%, the Labor Department said Friday.
The U.S. economy created 223,000 jobs in April, bouncing back from a sluggish period the first three months of the year, as companies shook off the effects of a surging U.S. dollar and falling profits. The unemployment rate fell to a seven-year low of 5.4%, the Labor Department said Friday.