Jobs may not grow on trees, but they are plentiful nonetheless.

The US unemployment rate is the lowest it’s been since December 1969 – that’s a 49-year low! This is according to the Bureau of Labor Statistics, who crunched the numbers to determine April’s unemployment at 3.6%. That’s down from the 3.8% unemployment rate reported for the month of March.

The US added 263,000 non-farm payrolls for April, whereas economists were only expecting 190,000 jobs to be produced. Average hourly earnings also increased by .2% this month, just a hair below the .3% rise economists predicted. Compared to this time last year, wages have risen 3.2%.

President Donald Trump just tweeted about this news, exclaiming “JOBS, JOBS, JOBS!” This will assuredly be a talking point of his 2020 presidential campaign, especially in regards to how he’s handling the current economy.

According to the Washington Post, hiring was strong across most sectors including business services (76,000 jobs added), construction (33,000 jobs added), and healthcare (27,000 jobs added).

Chief US Economist at Deutsche Bank, Matthew Luzzetti, told The Post, “The job market looks good on about any measure. While the unemployment rate is the lowest since 1969, a better measure is to look at the unemployment rate that includes people working part-time because they can’t find a full-time job. That is low, but it’s only the lowest since 2000.”

US stocks have risen as a result of this job growth surge.