US economy adds 175K jobs in April, much weaker than expectedMay 03, 2024 at 08:32 AM EDT
The April jobs report released Friday provided a look at the labor market's health as the economy continues to confront high interest rates and inflation.
Employers added 175,000 jobs in April, the Labor Department said in its monthly payroll report released Friday, missing the 243,000 gain forecast by LSEG economists. The unemployment rate inched higher to 3.9%. This is a developing story. Please check back for updates. 
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