(Reuters) - The Labor Department's employment report, which included an expected gain in the unemployment rate to 4.5 percent from 4.4 percent in March, showed the labor market has decelerated as expected following tepid economic growth in the first three months of 2007.
The median forecast of Wall Street analysts put jobs up 100,000 last month. But a derivatives auction early on Friday showed market players were betting employers had added a trimmer 80,700 jobs and market response to the payrolls report was muted.
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