U.S. Added Only 115,000 Jobs in April; Rate in 8.1%
According to a new report from the Labor Department, the economy added 115,000 jobs in April, down from 154,000 in March. The unemployment rate dropped from 8.2% to 8.1%, due to workers exiting the labor market. The number of people in the labor market has fallen to its lowest level since 1981. Economists say that the economy needs to create more jobs to fully recover from the recession, and that it will take time.
See "U.S. Added Only 115,000 Jobs in April; Rate in 8.1%", Catherine Rampell, The New York Times, May 3, 2012