U.S. employers pulled back on hiring in April after a streak of solid monthly gains, adding 160,000 jobs, the fewest in seven months.
The unemployment rate remained at a low of 5 percent, roughly the same level it has been since the fall.
The job gain was down from the average increase of 200,000 over the past three months, which is the softest three-month pace since October.
The slowdown may raise concerns that weak U.S. economic growth has discouraged some employers from hiring. The economy’s growth has slumped to a sluggish 1 percent annual rate since October.
But wage gains showed signs of picking up. Average hourly pay rose 2.5 percent from a year earlier, above the sluggish 2 percent pace that has been typical for the past six years.
The Associated Press contributed to this article.
Economists should adopt a term we use in psychotherapy: Natural and logical consequences. The Obama economy (as the FDR economy 85 years ago) reflects the Natural and Logical consequences of doing what BO has done. Socialist policies result in stagnation and depression (both economic and emotional). We got the crash in ’07 because the Republican congress acted like a Democrat congress — spend, spend, spend. The natural and logical consequences is economic failure. Since then BO and friends have doubled down on those policies and low and behold, economic doldrums.
OBAMA & HIS CRONIES ARE FULL OF SHIT! AMERICA IS A DISASTER!