Friday, May 2, 2014

Hiring is up in April, unemployment down

"The jobs recovery is still chugging along, although at this pace it will still take years to get back to a pre-recession labor market." The U.S. economy added 288,000 jobs in April. While that's an encouraging sign that the economy is continuing to improve, the unemployment rate told a different story. That number, which comes from a survey of households, shows fewer Americans are joining the labor force and fewer people report they're employed. These trends led to the unemployment rate falling to 6.3%, its lowest level since September 2008.


Given the millions of jobs lost in the financial crisis, even modest hiring is still not enough to put the huge backlog of unemployed Americans back to work. But this is a good start as the countries economy begins to recover. 

http://money.cnn.com/2014/05/02/investing/april-jobs-report/index.html

No comments:

Post a Comment