Democratic Underground - Jobs up 290,000, Jobless rate raises to 9.9 percent

Jobs up 290,000, Jobless rate raises to 9.9 percent [View All]

Stuart G

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Fri May-07-10 08:07 AM
Original message

Jobs up 290,000, Jobless rate raises to 9.9 percent

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Edited on Fri May-07-10 08:12 AM by Stuart G

Source: AP, Yahoo News.

WASHINGTON – More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent as people streamed back into the market looking for work.

The hiring of 66,000 temporary government workers to conduct the census helped overall payroll growth last month. However, private employers — the backbone of the economy — boosted jobs, too. They added a surprisingly strong 231,000 positions last month, also the most since March 2006, the Labor Department reported Friday.

Read more: http://news.yahoo.com/s/ap/20100507/ap_on_bi_go_ec_fi/us_economy

The Asshole Thugs say Obama hasn't done anything with the economy?
How will they spin this news?

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Jobs up 290,000, Jobless rate raises to 9.9 percent [View All]