US jobless rate stays at 5 pct in April with only 160,000 jobs added

WASHINGTON, May 6 (KUNA) — The US unemployment rate remained at 5 percent in April, the US Labor Department said in its monthly report on Friday.
Only 160,000 jobs were added last month, a lower number than many economists had predicted.
The latest jobless figures were an exception to the last two years of strong hiring by US companies.
The US energy sector shed another 7,000 jobs in April, the data showed, as low oil prices continued to hurt the industry. Since September 2014, 191,000 jobs have been lost in the US energy and mining sector.
US wages last month grew at a rate of 2.5 percent annually, below the 3 percent to 3.5 percent that is more typical of a healthy US economy, the data showed. (end) rm.mt

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