Nonfarm payroll employment edged up +88,000 in April, and the unemployment...

Nonfarm payroll employment edged up +88,000 in April, and the unemployment rate was essentially unchanged at 4.5 percent, the Bureau of Labor Statistics of the U. S. Department of Labor reported today. Job gains continued in several service-providing industries, including health care and food services, while employment declined in retail trade and manufacturing. This was lower than the expected 100,000 and far weaker than it even looks. 25,000 of those 88,000 jobs were government jobs. In addition 28,000 goods producing jobs were lost. Economic Recap