US creates 115,000 jobs in April, fewer than expected by analysts

Last Updated: Sunday, May 6, 2012 - 09:44

Washington: The United States created 115,000 jobs in April, fewer than expected by analysts, official figures have revealed.

The Labour department has said that the unemployment rate has fallen slightly to 8.1 percent in April from 8.2 percent in March, The BBC reports.

The United States had seen robust jobs growth this year, with over 200,000 jobs created in January and February.

However, the past two months have seen a sharp fall in job creation, with only 154,000 jobs added in March.

Speaking after the data was released, President Barack Obama said: "We''ve got to do more if we''re going to recover all the jobs lost in the recession."

Jobs were created in the business services, retail and healthcare sectors in April, but were lost in the transport sector.

The Commerce Department said a cutback in business investment was the key reason for the slowdown in growth.

The stubbornly high unemployment rate is seen as a drag on economic growth in the US.


First Published: Sunday, May 6, 2012 - 09:44

More from zeenews

comments powered by Disqus