U.S. Economy Adds 115,000 Jobs In April, Unemployment At 8.1%

The U.S. economy added 115,000 jobs in April, and the unemployment rate ticked down to 8.1%, per the Bureau of Labor and Statistics.

The change in total nonfarm employment was revised in February from +240,000 to +259,000 (+19,000), and revised in March from +120,000 to +154,000 (+34,000).

Meanwhile, the number of long-term unemployed was little changed at 5.1 million in April, and labor force participation rate fell to 63.6 percent, the lowest level since 1981.

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