U.S. hiring slows: Only 160,000 jobs added in April
NEW YORK -- U.S. companies didn't do much hiring in April. Only 160,000 jobs were added last month, according to the Labor Department's latest report. Economists surveyed by CNNMoney had predicted 197,000 jobs would be added. Goldman Sachs expected even higher: 240,000. The unemployment rate remained at 5%.