Unemployment Rate Declines to 7.5%, 165K Jobs Added

May 3 (Bloomberg) -- Bloomberg's chief Washington correspondent Peter Cook reports that the U.S. added more jobs than forecast in April as the jobless rate unexpectedly declined to a four-year low of 7.5 percent. Employers added 165,000 workers last month following a revised increase of 138,000 in March. He speaks on Bloomberg Television's "In The Loop."

"Preserving Bombardier C-Series Key Amid 7,500 Job Cuts"
01:38 - Bombardier has announced it will slash 7,500 jobs during a second round of job cuts within the past 8 months. Bloomberg Intelligence Analyst George Ferguson explains whether these cost saving measures were necessary as the struggling aircraft maker awaits $1 billion in federal aid from the Canadian government on Bloomberg TV Canada's The Daily Brief. (Source: Bloomberg)
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