Unemployment Hits 4-Year Low: 7.5%

Today's jobs report beat expectations: The unemployment rate fell to 7.5%, a four-year low, in April, and 165,000 jobs were created. Economists had expected 148,000 new jobs and an unemployment rate holding steady at 7.6%, the Wall Street Journal reports. More good news from the AP: The number of jobs added in March was revised upward to 138,000, and the number added in February was revised upward to 332,000, for a total of 114,000 more new jobs than were previously thought to have been created. (More jobs report stories.)