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Job creation slows again in April; jobless rate dips
The U.S. economy generated fewer jobs than expected in April, but the unemployment rate dipped slightly and data from prior months was revised upward, painting a murky picture of labor market conditions.
It was the second straight month that hiring slowed in the U.S. and it raises concerns, six months before Americans go to the polls to choose either President Barack Obama or his Republican challenger Mitt Romney as president, that the nation's job-creating machine is sputtering.
The Labor Department said Friday that non-farm payrolls rose by 115,000 last month, much lower than the consensus estimate of about 165,000. The jobless rate slid a notch to 8.1 percent from 8.2 percent, as more people left the work force.
Economy Watch - Job creation slows again in April; jobless rate dips
Yes, indeedy!
FORWARD!!
Right off the cliff..................
The U.S. economy generated fewer jobs than expected in April, but the unemployment rate dipped slightly and data from prior months was revised upward, painting a murky picture of labor market conditions.
It was the second straight month that hiring slowed in the U.S. and it raises concerns, six months before Americans go to the polls to choose either President Barack Obama or his Republican challenger Mitt Romney as president, that the nation's job-creating machine is sputtering.
The Labor Department said Friday that non-farm payrolls rose by 115,000 last month, much lower than the consensus estimate of about 165,000. The jobless rate slid a notch to 8.1 percent from 8.2 percent, as more people left the work force.
Economy Watch - Job creation slows again in April; jobless rate dips
Yes, indeedy!
FORWARD!!
Right off the cliff..................