People wait in line at a jobs fair in Queens, N.Y., earlier this week. (Spencer Platt/Getty)
Only 115,000 jobs were added to the economy in April, according to the Labor Department, while the unemployment rate dipped slightly to 8.1 percent.
The slight drop in the unemployment rate is due to the nearly 350,000 unemployed people who gave up looking for work last month and dropped out of the labor force entirely. At least 200,000 jobs would have had to be added last month just to keep up with the growth in the labor market. April's report missed expectations—economists predicted 163,000 jobs would be added.
While the private sector grew modestly, state, local and federal government jobs hit the chopping block: 15,000 public employees were laid off last month.Read More »from Only 115,000 jobs added in April; unemployment rate dips to 8.1 percent