(Reuters) - The Labor Department said the jobless rate ticked up to 4.5 percent from 4.4 percent in March, suggesting tight labor market conditions have finally begun to ease following tepid economic growth in the first three months of 2007.
The report is likely to give comfort to Federal Reserve policy-makers, who had been worried a low unemployment rate could fuel a rise in wages that could push inflation higher. The Fed's rate-setting policy committee meets next week.
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