Economy Added 165,000 Jobs In April; Unemployment Down To 7.5 Percent

The economy added 165,000 jobs in April and the unemployment rate ticked down to 7.5 percent, according to the latest data from the Bureau of Labor Statistics. Analysts had expected 135,000 jobs.

The report also included big positive revisions for previous months. February’s jobs number was revised from 268,000 to 332,000, while March was revised up from 88,000 to 138,000.

The private sector added 176,000 jobs, while the public sector lost another 11,000 jobs last month. The number of people out of the labor force ticked down 31,000 from 89,967,000 to 89,936,000, as did the number of people who currently want a job, which dropped from 6,722,000 to 6,413,000.