April Jobs Report Shows Cooling Market

U.S. employers added far fewer jobs in April versus March, according to The Labor Department’s latest figures, reports The Wall Street Journal.

They show that 175,000 jobs were added last month, compared to more than 300,000 jobs the month prior. Economists were anticipating 240,000 jobs, according to the report.

Though analysts said the employment report showed that the labor market continues to cool down, it doesn’t signal a serious deterioration in hiring conditions. The unemployment rate ticked up to 3.9 percent from March’s 3.8 percent. Wages also rose less than anticipated, increasing 3.9 percent from a year earlier after rising 4.1 percent in March. Full Story (Subscription Required)