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Solid job gains in April ease fears about economy

May 4, 2013 • Business


In this Thursday, April 11, 2013 photo, people wait in line before the Dr. King Career Fair at the Empire State Plaza Convention Center in Albany, N.Y. U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than first thought, the Labor Department reports, Friday, May 3, 2013. The gains trimmed the unemployment rate to a four-year low of 7.5 percent. (AP Photo/Mike Groll)

WASHINGTON (AP) — The U.S. economy showed last month why it remains the envy of industrialized nations: In the face of tax increases and federal spending cuts, employers added a solid 165,000 jobs in April — and far more in February and March than anyone thought.

The hiring in April drove down the unemployment rate to a four-year low of 7.5 percent and sent a reassuring sign that the U.S. job market is improving.

The economy is benefiting from a resurgent housing market, rising consumer confidence and the Federal Reserve’s stimulus actions, which have Login to read more

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