Unemployment rate drops in April

The U.S. unemployment rate decreased from 8.2 percent to 8.1 percent in April as employers added 115,000 jobs, according to The Washington Post.

The job growth is less than what economists expected, and they attribute the unemployment rate decrease to workers dropping out of the labor force. However, job growth figures for February and March were revised upward by 53,000.

In April, the professional and business services sector added 62,000 jobs; retail sector added 29,000 jobs; health care sector added 19,000 jobs; manufacturing sector added 16,000 jobs; transportation and warehousing sector lost 17,000 jobs; and government, financial, construction and mining sectors basically were unchanged.

There currently are 12.5 million unemployed people in the U.S.

Date : 5/4/2012