US economy picks up just 266,000 April jobs as hiring slows sharply
by Richard Partington and Graeme Wearden from on (#5HJHD)
- Numbers far short of the 1m jobs Wall Street had anticipated
- Suggests US businesses struggling to find enough workers
US employers added back far fewer jobs than expected in April in a sign interpreted as showing that many businesses are now struggling to find enough workers as the economic recovery strengthens.
The latest snapshot from the US Labor Department showed the number of non-farm payroll jobs rose for a fourth straight month by 266,000 in April, after growth of 770,000 in March, but sharply below Wall Street forecasts for a rise of about 1m.
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