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."

Fed Beige Book Shows U.S. Economy Growing Modestly
39:30 - The economy grew at a modest to moderate pace across the U.S., further tightening the labor market but without significant acceleration in wages or inflation, a Federal Reserve survey showed. Bloomberg's Jeanna Smialek breaks down the central bank’s Beige Book economic report, based on information collected by regional Fed banks from early January through Feb. 17. (Source: Bloomberg)
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