US jobs growth slows to 115,000 in April

US jobs growth slows to 115,000 in April The US created only 115,000 jobs in April, well below expectations of 162,000, a disappointing number that will add to fears that the economic recovery has lost some momentum.

But the unemployment rate fell from 8.2 to 8.1 per cent as the percentage of Americans participating in the labour force fell again, from 63.8 per cent in March, to 63.6 per cent in April.

Initial market reaction was muted as expectations had fallen in recent days amid other signs of slower growth.
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