Friday, May 4, 2012

US adds 115,000 jobs in April, lower than predicted

A job fair at American University, Washington DC

The US economy created 115,000 jobs during April, fewer than the previous month and less than analysts had expected, official figures have shown.

However, the unemployment rate fell slightly to 8.1%, the Labor Department said.

Employment has been rising for the past eight months, but the jobless rate has been stuck above 8% since early 2009.

The stubbornly-high unemployment rate is seen as a drag on economic growth in the US.



Source & Image : BBC

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