Friday, May 06, 2011

Fuzzy Math? U.S. Adds 244,000 Jobs in April, but Unemployment Rises - Friday, May 6, 2011

U.S. employment growth accelerated last month as the economy added 244,000 jobs, but the unemployment rate rose to 9 percent, the Labor Department reported on Friday.

The report easily bested analysts' expectations for a decidedly mediocre jobs report and marked the fastest rate of employment growth since last year when census hiring inflated numbers. Private-sector growth clocked in at 268,000, the highest level since 2006. The public sector continued to lose ground, shedding 24,000 jobs in April."

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