Unemployment
Jobs added in April fall short of expectationsPosted by RJ and Makay on May 04, 2012 |
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The U.S. economy added 115,000 non-farm payroll jobs in April and the unemployment rate ticked down to 8.1% from 8.2% the previous month, the Labor Department reported today. The number fell short of economists’ expectations that had forecast a gain of 163,000 jobs. The slight improvement in the unemployment rate was attributed to an increase in the number of people who stopped looking for work.
The U.S. economy added 120,000 non-farm payroll jobs in March and the unemployment rate ticked down to 8.2%, the Labor Department said today. The increase was less than the mean forecast by Bloomberg News Survey, which called for a 205,000 rise in job numbers. The private sector added 121,000 last month, compared to 233,000 in February. Government payrolls declined by 1,000.
The life insurance and annuities industry, one of the largest sources of investment capital in the U.S., is expected to return to positive growth in 2012, according to the Federal Reserve. Businesses, governments and other organizations rely on life insurers to finance operations. Industry revenues were hurt by the subprime mortgage crisis and financial market collapse. Revenue fell at an average annual rate of 6.2% to $745.6 billion in the five years leading up to 2012.
