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U.S. Unemployment Drops To 3.9 Percent — Lowest Since 2000

The last time the U.S. jobless percentage sat below 4 percent was in December of 1999. April brought net job gains, but fell short of economists' predictions.

Updated at 10 a.m. ET

The U.S. economy had a net gain of 164,000 last month. Unemployment — which had stood at 4.1 percent since October 2017 — fell to 3.9 percent, according to Friday's report from .

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