Financial Times FT.com

Pace of US job creation slows

By Eoin Callan in Washington

Published: May 4 2007 15:23 | Last updated: May 4 2007 21:41

US job creation slowed to its weakest pace in more than two years last month as staff cuts extended beyond the manufacturing and construction sectors to the retail trade, official figures showed on Friday.

The unemployment rate rose to 4.5 per cent from 4.4 per cent as 88,000 workers were added to payrolls, compared with an increase of 177,000 the previous month, according to the labour department.

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