In April of 1860, the Pony Express made its first delivery from St. Joseph, MO to San Francisco, CA. It took ten days to make the trip and cost $5—in current day dollars more than $225—to mail half an ounce. More than 115 years later, a series of deregulations allowed private carriers to ship packages by air and for the first time deliver them to and from all of the 48 contiguous states.
According to the Labor Department, employers added 88,000 jobs in March as the unemployment rate fell from 7.7 to 7.6 percent. Job creation was at a significantly slower pace than February when 268,000 jobs were created or than the 190,000 jobs a survey of economists were projecting. Much of the falling unemployment rate, though, was driven by falling participation which reached 63.3 percent in March, its lowest point since 1979, at a time when women weren't as prevalent in the workplace.
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