US economy adds less than expected new jobs, unemployment rises

The US Department of Labor revealed adding less than expected new jobs during April, and unemployment rose due to slowdown in employment in several US sectors, including transportation and storage.

Data showed that the US economy has added 266,000 jobs during April, worse than forecasts of 990,000 jobs.

The US unemployment rate rose to 6.1% in April from 6% in March, while analysts forecast a drop to 5.8%.

Employment in the country is still less by about 8.2 million jobs, or 5.4% than its pre-pandemic levels in February 2020.