Economy Added 115,000 Jobs Last Month; Unemployment Ticks Down Slightly

According to the latest data from the Bureau of Labor Statistics, the economy added 115,000 jobs in April, well below expectations, while the unemployment rate fell slightly to 8.1 percent. The private sector added 130,000 jobs while the public sector shrunk. February’s total was revised up 19,000 jobs; March’s total was revised up 34,000. The broader U-6 measure of unemployment remained steady at 14.5 percent.