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US Unemployment Rate Drops

May 3, 2013

Economy adds 165,000 jobs in April.

The US economy continues its slow but steady rebound from the depths of the Great Recession which ended more than three years ago. US employers continued to add jobs in April, at a pace above forecasts but still relatively slow, according to the US Labor Department, which reported today that 165,000 jobs were added for the month, and that the unemployment rate fell to 7.5% from 7.6%.

The jobs number is an improvement over March, when employers added 138,000 jobs. But it's hardly impressive at this point in the labor market recovery, which began three years ago.

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