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Unemployment falls in April

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The U.S. unemployment rate decreased to 7.5 percent in April—the lowest in four years—from 7.6 percent in March as U.S. employers added 165,000 jobs, according to The Washington Post.

Also, hiring in February and March was stronger than originally reported. February's job growth was revised up from 268,000 to 332,000, and March's job growth was revised up from 88,000 to 138,000.

In April, the professional and business services sector added 73,000 jobs; leisure and hospitality sector added 45,000 jobs; temporary help services sector added 31,000 jobs; retail sector added 29,000 jobs; and health care sector added 19,000 jobs.

The construction and manufacturing sectors basically were unchanged.

The economy has created an average of 208,000 jobs per month from November 2012 through April, which is well above the monthly average of 138,000 for the previous six months. There currently are 11.7 million unemployed people in the U.S.


5/9/2013

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