..from the LA Times….
Job growth slowed sharply in April to a seven-month low, adding to concerns about the health of the U.S. economy after a weak start to the year.
The nation’s public- and private-sector employers added 160,000 net new jobs last month, the Labor Department said Friday. The figure was below analysts’ expectations and well off the 208,000 net new jobs added in March.
Total job growth for February and March was revised down by 19,000. The unemployment rate held steady at 5% in April, an eight-year low.
About 362,000 Americans dropped out of the job market in April, the first decline since September. That pushed the percentage of adults in the labor force down to 62.8%, near a four-decade low….
Share on Facebook