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Source: US Department of Labor Source: US Department of Labor <br />Employment <br />The U.S.economy added 253,000 jobs inApril,following a downward revision of 71,000 to 165,000 jobs for the month of March.The pace of job <br />growth is slowing,with the three-month moving average payrolls at 222,000 and the six-month moving average at 277,800.Broad-based gains <br />in the private sector point to employment continuing to show strength,led by professional and business services.The unemployment rate fell <br />to 3.4%,while the labor force participation rate remained at 62.6%in April.The U-6 underemployment rate,which includes those who are <br />marginally attached to the labor force and employed part time for economic reasons,declined to 6.6%from the prior month at 6.7%.Average <br />hourly earnings accelerated to 4.4% year-over-year in April, up from a revised 4.3% increase in March. Job Openings in March decreased for the <br />third consecutive month to 9.59 million,indicating a slower demand for laborand increased layoffs.While the overall pace of hiring isslowing, <br />levels remain consistent with a solid labor market. <br />0 <br />100 <br />200 <br />300 <br />400 <br />500 <br />600 <br />700 <br />800 <br />900 <br />1,000 <br />MOM Change In (000's)Nonfarm Payroll (000's) <br />Non-farm Payroll (000's) <br />3 month average (000's) <br />0.0% <br />2.0% <br />4.0% <br />6.0% <br />8.0% <br />10.0% <br />12.0% <br />Unemployment Rate <br />Underemployment Rate (U6) <br />Unemployment Rate (U3)Rate (%)4