Unemployment rates dropped by 0.5% in the last month, now standing at a record low of 3.7%. This decrease represents 250,000 more individuals employed compared to the previous month. Job growth remained strong, with 300,000 new jobs added in various sectors. Additionally, hourly wages increased by 2.5%, reaching an average of $25 per hour. This positive trend in the labor market is contributing to a steady economic recovery and increased consumer confidence.