Tag: US economic slowdown

US economic slowdown hits hiring in April

WASHINGTON, United States (AFP) – by Paul HANDLEY US employers cut back hiring in April in the wake of the economy’s sharp downturn, raising worries of a protracted slowdown in the world’s largest economy. Net new jobs fell unexpectedly to the lowest level in seven months, with just 160,000 additional jobs generated, over 40,000 less than economists predicted, the Labor Department reported Friday. That was still a strong enough pace to continue absorbing new entrants to […]