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U.S. Payrolls Rise 115,000 in April

Jobs gain smaller than expected, but jobless rate declines to 8.1%.

By Shobhana Chandra, Bloomberg | Updated on May 04, 2012

Employers in the U.S. added fewer workers than forecast in April and the jobless rate unexpectedly declined as people left the labor force, underscoring concern the world’s largest economy may be losing speed.

Payrolls climbed 115,000, the smallest gain in six months, after a revised 154,000 rise in March that was more than initially estimated, Labor Department figures showed today in Washington. The median estimate of 85 economists surveyed by Bloomberg News called for a 160,000 advance. The jobless rate fell to a three-year low of 8.1 percent and earnings stagnated.

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