Ecclesiastes 1:9
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Employers in U.S. Add 160,000 Workers, Fewest in Seven Months
Employers in April added the fewest number of workers in seven months and the U.S. jobless rate held steady as subdued economic growth prompted a more moderate rate of hiring. The 160,000 gain in payrolls followed a revised 208,000 rise in March, a Labor Department report showed Friday. The median forecast in a Bloomberg survey called for a 200,000 April advance. The jobless rate, projected to ease, stayed at 5 percent, while wage growth accelerated. Industries that showed strong first-quarter job growth pulled back, with retailers cutting payrolls by the most in two years and construction companies adding the fewest ... (full story)
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