Non-Farm Payrolls Rise More Than Expected, Up by 165,000 in April; Unemployment Rate Drops to 7.5%

[Nye Bevan]

Source: CNBC

Job creation accelerated in April, with the U.S. economy adding 165,000 new positions and the unemployment rate edging lower amid worries over a spring slowdown.

New figures from the Bureau of Labor Statistics indicated that a light March payrolls report may have been an aberration, as higher taxes and reduced spending due to the fiscal stalemate in Washington failed to deter growth.

The unemployment rate fell to 7.5 percent.

Economists had been estimating tepid payroll growth of just 150,000 for the month.

Read more: http://www.cnbc.com/id/100704780

[Liberal_Stalwart71]

1. Note...

Better than expected and more importantly, the prior months revisions were way upward in job creation. Unemp rate dropped to 7.5.

Labor participation even ticked upward by 200k, so they can’t say the drop in unemp rate is due to people leaving the labor force.

Markets have reacted positively so far and have risen.

Last months numbers were reported at up 88k but revised to up 138k today which is a far different picture than the original number which was gloomy.

[davidn3600]

2. The problem is salary

What salary are these new jobs? Minimum wage doesnt help much.

[phleshdef]

3. Wages probably won't improve until we hit full employment again.

[Liberal_Stalwart71]

5. I agree, but remember we tried to get a minimum wage increase through Congress. Fat chance.

[phleshdef]

4. Woah, Feb was revised to 332,000 jobs!

[Kingofalldems]

6. Obama is a communist and a Muslin

[yellowcanine]

7. and a black furriner to boot.

[jpak]

8. The Crack of DOOOOooooommm!!!!!