U.S. unemployment has fallen to 3.9% for the first time since 2000, shortly before the economy overheated and fell into a recession. WSJ's Ken Brown explains what that tells us about today’s economic cycle and whether it is sustainable. Photo: Associated PressWASHINGTON—Unemployment in the U.S. fell in April to one of the lowest levels of the post-World War II era, the result of a historically long jobs expansion that shows little evidence of slowing. The jobless rate fell to 3.9% from 4.1% a month earlier, hitting the lowest level since December 2000, the Labor Department said Friday. Stock prices...

Source: Wall Street Journal May 04, 2018 12:34 UTC