165,000 Jobs Added In April, Jobless Rate Fell To 7.5 Percent

The nation’s jobless rate edged down to 7.5 percent in April from 7.6 percent in March and employers added 165,000 jobs to their payrolls last month, the Bureau of Labor Statistics reported Friday morning.

The news was better than economists were expecting. Before the report’s release, economists predicted BLS would say that 140,000 to 150,000 jobs were added to payrolls last month and that the jobless rate remained unchanged.

We’ll have more from the report and reactions to it as the morning continues.

Related post from Planet Money: Millions Of Americans Are Leaving The Workforce. Why?

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