NPR's Kelly McEvers speaks with Andrew Chamberlain, chief economist for Glassdoor, about the new jobs report from the Labor Department.
KELLY MCEVERS, HOST:
Here is one way to describe the economy in this country.
ANDREW CHAMBERLAIN: A red-hot labor market.
MCEVERS: That's Andrew Chamberlain. He's chief economist for Glassdoor. That's the jobs and recruiting website. And that is his assessment after today's new report from the Labor Department. It shows that 211,000 jobs were added in April and that the unemployment rate has dipped to 4.4 percent. And Andrew, that rate hasn't been that low in a while. But what does it actually mean?
CHAMBERLAIN: May 2007 was the last time we had a 4.4 percent unemployment rate. That was a long time ago. So that was before the first iPhone was released. And my company, Glassdoor, wasn't even around back then.