Unemployment Rate Falls To 5.4 Percent, Lowest Since May 2008

Employers in the U.S. added 223,000 jobs in April, pushing the unemployment rate down to 5.4 percent, the lowest level since May of 2008, according to the Labor Department.

But March's job gains were revised down to just 85,000 from 126,000, and there continues to be sluggish growth in workers' pay. Average hourly wages rose just 3 cents in April, and overall wages are up 2.2 percent in the last year, which is consistent with the slow growth over the last six years.

Here & Now's Meghna Chakrabarti speaks with Mike Regan of Bloomberg News about today's jobs report.