U.S. April payrolls down 20,000, job rate falls to 5.0%

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U.S. April payrolls down 20,000, job rate falls to 5.0%

8:30a ET May 2, 2008 (MarketWatch)

WASHINGTON (MarketWatch) - The U.S. labor market was not as weak as expected in April, the government said Friday. The economy lost 20,000 nonfarm payroll jobs last month, according to a survey of business establishments, much less than the 81,000 lost in March and way below the 78,000 decline expected by economists surveyed by MarketWatch. The unemployment rate inched down to 5.0% in April from 5.1% in March. Economists were expecting the unemployment rate to tick up to 5.2%.

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Seems it's another dose of Viagra.

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