More US jobs added than expected in April, unemployment at a four-year low
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Employers nationwide added jobs at a faster-than-expected rate last month and the unemployment rate fell to its lowest level in more than four years, taming concerns that the US economy is sputtering.
The Department of Labor said Friday that companies increased payrolls by 165,000 jobs in April — better than most economists expected and enough to drop the jobless rate from 7.6 to 7.5 percent.
Perhaps more significantly, labor officials made revisions to the February and March numbers that showed more job gains than had been previously reported.
“It’s a good report with a lot of good news,” said Nariman Behravesh, chief economist at IHS Global Insight, a forecasting firm in Lexington. “There’s more strength in the economy than previously thought.” Full story for BostonGlobe.com subscribers.
Megan Woolhouse can be reached at mwoolhouse@globe.com. Follow her on Twitter @megwoolhouse.
