UNEMPLOYMENT JUMPS TO 9.9%
How’s that hopey-changey stuff treating you?
US Nonfarm Payrolls increase by 290K in April. Unemployment rate up to 9.9%. It was the highest rate of unemployment since December.
The unemployment jumped from 9.7% to 9.9% in April even with the addition of 66,000 temporary government workers to conduct the US census.
The AP reported:
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 government says the hiring of 66,000 temporary government workers to conduct the census helped overall payroll growth last month. However, private employers added a surprisingly strong 231,000 positions last month, also the most since March 2006.
The unemployment rate rose from 9.7 percent in March to 9.9 percent in April, mainly because 805,000 jobseekers — perhaps feeling better about their prospects — resumed their searches for work.
Related… Only 39% of voters would vote for Obama today.