The New York Times
Fri, May 07, 2010 -- 8:47 AM ET
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Four-Month Rise Strengthens U.S. Job Outlook
The American economy added 290,000 jobs in April, a stronger
gain than expected, with revised figures making it the fourth
straight month of employment growth, the Labor Department
said Friday.
Analysts had expected a gain of about 190,000 jobs.
At the same time, however, the unemployment figure rose to
9.9 percent, from the previous 9.7 percent, as more people
returned to the job market seeking jobs.
The monthly job report also revised the March gain sharply
upward to 230,000, from the previously reported 162,000, and
revised February's figures from a loss of 14,000 to a gain of
39,000. With a January gain of 14,000, the cumulative
increase came to 573,000 jobs in four months. But the job
market still has a long way to go before it can be counted on
to provide a base for a sustained economic recovery.
Read More:
http://www.nytimes.com/2010/05/08/business/economy/08jobs.html?emc=na
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