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US unemployment rate drops

United States,Business/Economy, Sat, 04 May 2013 IANS

Washington, May 4 (IANS) US unemployment rate edged down to 7.5 percent in April from 7.6 percent in March, its lowest level since December 2008, the Labor Department reported.

Total non-farm payroll employment increased by 165,000 last month, with the private sector creating 176,000 jobs last month. US governments at all levels shed 11,000 jobs last month against the background of government spending cuts, reported Xinhua.

In April, the number of total unemployed Americans stood at 11.66 million, down from 11.74 million in March.

Employment rose in various sectors last month, including transportation, utilities, retail trade and health care, showed the report.


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