According to a private survey, job creation dropped last month. The survey found that the private sector added 119,000 jobs, down from 201,000. Factory orders fell by 1.5%. The number falls in the range predicted by economists, who say that the number is to be expected. Despite favorable gains, they say that it will take time for the economy to fully recover. The report comes as Europe continues to experience high unemployment rates and low economic growth.
See "Payroll Survey Signals U.S. Jobs Slowing as Orders Drop: Economy", Shobhana Chandra and Timothy R. Homan, Bloomberg News, May 1, 2012