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The booming labor market is about to reach a low employment milestone

The labor market boom is expected to reach a notable milestone in April, matching the last longest period of low unemployment on record.

Economists predict that the April employment report, to be released by the Bureau of Labor Statistics on Friday morning, will show the unemployment rate will remain at 3.8 percent, marking the 27th consecutive month of unemployment below of 4 percent. This would coincide with a period of low unemployment between 1967 and 1970, and would be close to the longest period on record, between 1951 and 1953.