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Unemployment Rate Falls to 8.1% Friday, May 4, 11:45 AM ET
The US Labor Department reported that companies added just 115,000 workers in April, well short of the 170,000 new jobs economists had been expecting. Despite the disappointing job creation results, the unemployment rate fell to 8.1% as many workers stopped looking for jobs. On a positive note, however, the government did revise its February and March estimates higher by 53,000 jobs, helping the six month trailing average for job creation to stay at 197,000 jobs per month added.
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