160,000 new jobs in April, unemployment steady at 5%

The job number was less than anticipated.

Economists surveyed by CNNMoney had predicted 197,000 jobs would be added. Goldman Sachs expected even higher: 240,000.

Concerns are rising that the U.S. economy is losing momentum. Growth is off to a slow start in 2016. Experts anticipate a spring bounce, but the sluggish April jobs report suggests that pop is either delayed or not going to be very strong.

The unemployment rate remained at 5%. Despite more people finding jobs, the rate didn’t fall because more people have started looking for work again but have yet to land jobs.

By: Alan

Alan Colmes is the publisher of Liberaland.