April Jobs Report: 165,000 New Jobs; Unemployment Rate Falls to 7.5 Pct

The economy added 165,000 jobs in April as unemployment fell to 7.5 percent, allaying fears that the slow recovery might be coming unglued. Many economists expected the U.S. economy to add 153,000 jobs in April with the unemployment rate unchanged. The Labor Department had previously reported a disappointing 88,000 jobs added in March with an unemployment rate of 7.6 percent. But Friday's report revised the number of jobs added that month to 138,000, and those added in February to 332,000...Full Story
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