U.S. Economy Shows Positive Gains: 290,000 New Jobs
May 7, 2010
(ChattahBox)—The Labor Department report for April shows encouraging trends, with nearly 300,000 jobs created, which is the largest increase in jobs in just one month, in three years. But as more long-term unemployed Americans return to their job search with an improving economy, the unemployment rate has inched up to 9.9, which is either a glass half full or half empty situation, depending on how you look at it.
The Employment Situation Summary, noted the hiring of 66,000 temporary workers for the decennial census helped to swell the employment numbers, but the private sector alone created 231,000 jobs:
“Nonfarm payroll employment rose by 290,000 in April, the unemployment rate
edged up to 9.9 percent, and the labor force increased sharply, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in manufacturing, professional and business services, health care, and leisure and hospitality. Federal government employment also rose, reflecting continued hiring of temporary workers for Census 2010.”
President Obama was pleased with the labor report, but he pointed out the nation still has a long road ahead, until we climb out of this deep recession. He called the new numbers very encouraging:
“Everything we’ve done, has been with this goal in mind. And today I’m happy to report that we received some very encouraging news. To those who are out there still looking, I give you my word that I’m gonna keep fighting every single day to create jobs and opportunities for people. We’re not gonna rest until we’ve put this difficult chapter behind us,” the president said.
Nearly 195,000 Americans resumed their job search in the month of April, which is a sign of an improving economy.