US Labor Market Cools Off After Less-Than-Expected 175,000 New Jobs
By Andrew Moran The U.S. labor market showed further signs of cooling down after the economy added a smaller-than-expected 175,000 new jobs last month, down from 315,000 in March, according to the Bureau of Labor Statistics (BLS). The market had penciled in a reading of 243,000 positions. In April, the unemployment rate shot up to 3.9 percent, up from 3.8 percent and slightly higher than…
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