Job Growth Totals 253,000 in April, Beating Expectations Even as the U.S. Economy Slows
Nonfarm payrolls were expected to increase by 180,000 in April, according to Dow Jones.
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Nonfarm payrolls were expected to increase by 180,000 in April, according to Dow Jones.
The Labor Department said Friday the U.S. economy added 253,000 jobs in April, beating Wall Street estimates but falling below the average of the past six months.
NEW YORK, May 5 (Xinhua) -- The U.S. dollar weakened in late trading on Friday as investors' risk appetite improved amid a better-than-expected U.S. employment report in April.
The nation's job market remains strong despite efforts by the Fed to slow economic growth and quash inflation.
The jobs report showed the lowest level of hiring in more than two years.