Saturday, May 5, 2007

US April jobs growth softens, unemployment rises

(Reuters) - The U.S. economy added a modest 88,000 jobs in April, the slimmest gain in more than two years, and the unemployment rate edged up, the government said on Friday in a report that showed weak economic growth taking a toll on the job market.

The Labor Department said the jobless rate ticked up to 4.5 percent from 4.4 percent in March, suggesting tight labor market conditions have finally begun to ease following tepid economic growth in the first three months of 2007.


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