Economy Adds 223,000 Jobs In April, Unemployment Falls To 5.4 Percent

FILE - In this April 24, 2012, file photo, job seeker Alan Shull attends a job fair in Portland, Ore. The number of people applying for U.S. unemployment benefits ticked down last week after dropping sharply the pre... FILE - In this April 24, 2012, file photo, job seeker Alan Shull attends a job fair in Portland, Ore. The number of people applying for U.S. unemployment benefits ticked down last week after dropping sharply the previous week, evidence hiring could pick up this month. Weekly applications dropped 1,000 to a seasonally adjusted 367,000 in the week ending May 5, the Labor Department said Thursday, May 10, 2012. The previous week's figure was revised up slightly. (AP Photo/Rick Bowmer, File) MORE LESS

The U.S. economy grew by 223,000 jobs in April, while the unemployment rate dropped slightly to 5.4 percent, the Bureau of Labor Statistics reported on Friday.