03 May 2013 16:08 [Source: ICIS news]
HOUSTON (ICIS)--The ?xml:namespace>
The monthly jobs number beat economists’ estimates of a 140,000-job build in nonfarm payrolls.
February was changed to 332,000 jobs added from the previously reported 268,000. March was revised to 138,000 jobs added from the previously reported 88,000.
The unemployment rate for April dropped 0.1 percentage point to 7.5%, the department said.
The rate has fallen 0.4 percentage point since January.
The number of unemployed in the
Employment in April increased in professional and business services, food services and drinking places, retail trade and health care, the department said.
While the April total and the revised February and March are better news than economists were expecting, the numbers still reflect a tepid recovery of the
Economists say the nation should generate 150,000 jobs monthly to accommodate first-time job seekers, and the economy should produce some 300,000 jobs a month for multiple quarters in order to make significant reductions in the unemployment rate.
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