BREAKING NEWS: Economy created 160,000 jobs in April

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The economy added 160,000 jobs in April, the Labor Department reported Friday, down from 208,000 jobs in March.

Unemployment was 5 percent, unchanged from March.

Analysts had predicted job growth of about 200,000 jobs, an unemployment rate of 4.9 percent and an increase in hourly earnings of 0.3 percent, according to a survey of Bloomberg economists.

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