BUSINESS, Commerce

U.S. Job Growth Declines

jobhe U.S. economy added 160,000 jobs in April – undershooting expectations and well below the 208,000 created in March.

March’s figure was revised down from 215,000 and February’s was also revised from 242,000 down to 233,000.

The jobless rate remained at five per cent and average hourly earnings rose 2.5 per cent.

April’s report is being closely watched as it could influence an upcoming interest rate decision by the U.S. Federal Reserve.

Yvad Billings, Readers Bureau, Fellow

Edited by Jesus Chan

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