The U.S. economy added 115,000 jobs in April and the unemployment rate held steady at 4.3 percent.
Economists had forecast the economy would add 65,000 workers and the unemployment rate would remain unchanged.
The estimate for February was revised down by 23,000 to a loss of 156,000. The March rebound, however, was revised up by 7,000 from a gain of 178,000 to
185,000.
Average hourly earnings for all employees on private nonfarm payrolls rose by 6 cents, or 0.2 percent, to $37.41. Over the year, average hourly earnings have increased by 3.6 percent, significantly above the rate of inflation. Average hourly earnings of private-sector production…
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