U.S. economy adds 223,000 jobs; unemployment dips to 5.4% - KWWL - Eastern Iowa Breaking News, Weather, Closings

U.S. economy adds 223,000 jobs; unemployment dips to 5.4%

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(CNN) America can breathe a sigh of relief. The economy is improving with the spring weather.

The U.S. added 223,000 jobs in April, a healthy pick up after disappointing gains in March. 

April's job gains reflect a trend the country saw last year: job growth cooling in the winter months, then gaining momentum into the spring. The strong April number also lowers concerns about a hiring slowdown.

The good news doesn't stop there either. The unemployment rate dropped to 5.4%, its lowest mark since May 2008.

Wages grew 2.2%, above expectations. Paltry wage growth during the recovery is the main reason why many Americans are still struggling. Some experts believe wage growth will pick up more now that the unemployment rate is hovering around 5.5% for several months.

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