In Weaker Report Than Expected, Gov't Says 160,000 New Jobs Were Created In April

According to numbers derived from a survey of businesses, the economy added 160,000 jobs in April, the Bureau of Labor Statistics announced Friday. There were 171,000 jobs created in the private sector, but government shed 11,000 jobs. This marks the 67th consecutive month of job growth. But it was well below the 200,000+ consensus of economic analysts surveyed earlier in the week. Wages rose to 2.5 percent over a year ago. The official unemployment rate, which the bureau calculates from a different survey and labels U3, remained unchanged at 5.0 percent.

Topics:  labor statistics   indians    jeff cox   june   chris gaffney   everbank   federal open market committee   for april   americans   march   i   u3   u6   report   jobs   created   percent   rate   unemployment   bureau   year   number   survey   workers   adult   teenagers   
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