Need to Know
May 3, 2013 8:12 AM
Newest unemployment numbers
Posted by Staff
The Hill reports:

The economy added 165,000 jobs in April and the unemployment rate fell to 7.5 percent, the Bureau of Labor Statistics reported Friday.

The monthly job numbers were better than expected, but the brightest spot of the report was in revisions for the previous two months.

Employers added 114,000 more jobs than initially estimated — up to 332,000 from 268,000 in February and up to 138,000 from 88,000 in March.

The revised figures should calm some concerns that the economic recovery is faltering even as worries remain about the effects of across-the-board spending cuts and tax hikes.

Mark Zandi, chief economist for Moody's Analytics, called the report a "relief and "a pleasant surprise" further saying, "I think job growth is slowing but not nearly as much as feared." Facebook Fark Furl
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