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The Spectacle Blog
The U.S. economy added 290,000 jobs in April, according to Labor Department data, but the unemployment rate crept up to 9.9 percent as the improved job market prompted more people to look for work.
While the jobs numbers received a boost from temporary hiring for the Census, that only accounted for a portion of the growth — 66,000 jobs.
Manufacturing added 44,000 jobs in April; mining added 7,000; construction added 14,000; professional and business services added 80,000; health care added 20,000 and leisure and hospitality added 45,000.
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More Blog Posts by Philip Klein
http://spectator.org/blog/2010/05/07/economy-adds-290000-jobs-in-ap
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TLS| 5.7.10 @ 10:23AM
This is good news, from a jobs perspective, by any account. However, there is a chance that this is a "dead cat bounce" of sorts for job gains. Firms way overdid the job cutting during the recession, and now they are beginning to bring some of those people back. But it remains to be seen if the expansion will continue or if this is a short-term peak. If Obama's policies kick in sooner than later, then my money is on slower job growth going forward.
wbfrank| 5.7.10 @ 10:45AM
...and how many hundreds of thousands of jobs were lost in this regime's first year and a half??
200,000 jobs, many of them temps in Obama Census counters= ACORN minions, this is nothing.
What is the real unemployment? Counting like the recent past: at least 21+%...
Pingback| 5.7.10 @ 10:50AM
Twitter Trackbacks for Economy Adds 290,000 Jobs in April, Unemployment Rate Creeps links to this page. Here’s an excerpt:
Heatpacker| 5.7.10 @ 11:09AM
This is funny. When the American economy was adding 290,000 jobs a month during the post-9/11 recovery, the Left-wing Media was telling us that improved employment numbers were meaningless and that we were experiencing a 'jobless recovery'. Now we are told that every job created is incredibly wonderful, that the genius of Barack Obama is responsible for every one, and that we will experience a glorious, unprecedented level of prosperity, all thanks to the unceasing efforts of the Wise and Mighty Obama.
I am old enough and experienced enough to know when I am being scammed. There is much less to these employment numbers than meets the eye.
Flee| 5.7.10 @ 3:54PM
I work for a manufacturer and we recently insituted a wage and hiring freeze. We are but one company but I think an accurate reflection on manufacturers of heavy goods and infrastructure materials such as us.
SCM| 5.7.10 @ 12:18PM
Maybe some Labor Department drone mistakenly punched in a couple of zeroes to the actual figure. Sort of like the million to billion mistake on Wall Street.
Tim*| 5.7.10 @ 12:36PM
Now The Rest Of The Story .
The U-6 Unemployment Rate was up again in April to 17.1 Percent.
Do Your Homework !
Derek Leaberry| 5.7.10 @ 12:37PM
How is it that 300,000 jobs are added at the same time that first-time unemployment claims are still about 450,000. Does that mean 750,000 new jobs were created or does it mean that 150,000 more people lost jobs than were hired?
SoCon| 5.7.10 @ 12:43PM
How many of these jobs are for part-time census workers?
Tim*| 5.7.10 @ 1:11PM
Obama's bogus cheers are pathetic.
In April, the number of unemployed persons was 15.3 million, and the unemployment rate edged up
to 9.9 percent. The rate had been 9.7 percent for the first 3 months of this year.
ggoblue| 5.7.10 @ 1:33PM
the market didn't prompt anyone to look for work...800,000 peeps graduated from college and are now looking for work.
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Flee| 5.7.10 @ 3:49PM
Do the census workers wear blue shirts? I see some hanging around my neighborhood after work hours seemingly waiting to be picked-up or something. I presume this is our tax dollars at work.
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