Jobs up 290,000 in April; jobless rate 9.9%
May 7
2010
Read the following and then think about the fact that the bulk of the hiring was temporary government jobs. Now, how do you feel? Is that progress?
UPDATED: The economic recovery strengthened and produced jobs for a fifth straight month in April, with the pace of job growth picking up to 290,000 from 230,000 in March, the Labor Department reported Friday morning. With new jobs now available for the first time in two years, thousands of discouraged job-hunters surged back into the labor force looking for work, driving up the unemployment rate to 9.9 percent from 9.7 percent. The labor force increased by 805,000 as people resumed their job search work, but only 550,000 of the job-hunters reported that they found jobs in the department’s survey of …
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