While employment continued to rise, today’s employment report suggests that the pace of job growth slowed. Employer payrolls increased only by 115,000 jobs, following a gain of 154,000 last month and average increases of 252,000 per month in the three prior months. At last month’s pace of job growth, increases in employment are roughly keeping up with increases in new labor market entrants and the unemployment rate was little changed at 8.1 percent.
http://www.brookings.edu/up-front/posts/2012/05/04-jobs-greenstone-looney