According to data from the US Department of Labor, March data has been revised down, to show the addition of just 165,000 jobs instead of 236,000 as previously reported.
Data from the Department of Labor showed the unemployment rate in the world’s biggest economy fell to 3.4% in April, from 3.5% in March, contrary to expectations that it would rise to 3.6%. .
The US Department of Labor announced last April that the US economy added 236,000 new jobs in March, but the downward revision shows the number of jobs was below the 230,000 expected.
February data was previously revised to show the addition of 326,000 jobs instead of 311,000 as previously reported.
Data from the Department of Labor also showed that the unemployment rate in the United States fell in March to 3.5%, while analysts’ expectations indicated that it would remain at the same level in February of 3.6%.
The number of Americans filing new claims for unemployment benefits last week rose as labor market strength gradually waned due to the expected rise in interest rates which is driving down demand in the economy, according to official data on Wednesday.
First claims rose by 13,000 to a seasonally adjusted level of 242,000 in the week ending April 29.
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