Last month, US employers hired the fewest workers in seven months, while the unemployment rate remained at the previous level.
According to the latest report of the Ministry of Labour, in April the number of people employed in the non-agricultural sector of the US increased by 160 000. The data for March were revised up to 208 000 economists in a Bloomberg survey had forecast an increase of 200 000. The unemployment rate was 5%, while wage growth accelerated. Analysts had forecast a drop in unemployment to 4.9%.
The average hourly wage increased by 0.3% compared with the previous month, after rising 0.2% in February.During the last 12 to April, this figure increased by 2.5% after rising the previous month by 2.3%.
The average workweek for all employees increased by six minutes to 34.5 hours.
The number of people employed in the retail sector fell by 3 100, which is the largest decline since February 2014. Employment in the construction sector grew by a stunning 1000 after rising 41,000 in March.
The proportion of the economically active population has decreased from 63% to 62.8%. The level of underemployment fell from 9.8% to 9.7%.