JOBLESS RATE FELL TO 6.6% IN APRIL, REVERSING A TREND
The Labor Department reported today that payroll jobs fell in April but at a much reduced pace and that the unemployment rate edged down two-tenths of a point, to 6.6 percent. The figures point over all to an economy that while probably not yet starting to recover from recession seems to be approaching its low point, analysts said. They cautioned, however, that the decline in the unemployment rate, the first in almost a year, was probably an aberration.