US Economy Created Only 115,000 Jobs In April - Less Than Forecast

By Joseph Lazzaro | May 04 2012 8:34 AM

The U.S. economy created 115,000 jobs in April, the U.S. Labor Department announced Friday -- a total well below the 165,000 Bloomberg News consensus estimate.

REUTERS

Will the U.S. economic expansion create enough jobs to substantially lower the unemployment rate in 2012?

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Meanwhile, the U.S. unemployment rate dipped to 8.1 percent in April from 8.2 percent in March.

Also, March's and February's job gains were revised 53,000 higher: to 154,000 from 120,000 for March, and to 259,000 from 240,000 in February.

Details to follow.

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