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.
16:32 Employers added solid 178,000 jobs in Nov10
14:36 U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent13
13:41 Solid Job Growth Strengthens Prospect for a Fed Rate Increase10
14:49 Trump warns of ‘retribution’ for companies that offshore jobs, threatening 35 percent tariff13