U.S. employment slows as only 160,000 jobs created in April, joblessness rate at 5.0 percent

May 6, 2016 1:50 PM

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U.S. employment slows as only 160,000 jobs created in April, joblessness rate at 5.0 percent

The U.S. added 160,000 jobs in April, new government data showed Friday morning, the weakest pace of hiring in seven months.

Though the unemployment rate held steady at 5.0 percent, Friday’s jobs data provided an unexpectedly downcast signal about the nation’s labor market: A surge of Americans dropped out of the workforce and hiring in several key industries, including construction and manufacturing, all but stalled.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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