May 6, 2011
The American economy added 244,000 jobs in April, the largest increase in almost a year, but the unemployment rate actually rose to 9% from the reported 8.8% in March, as more people actively looked for work, the U.S. Bureau of Labor Statistics reported today.
The private sector added 268,000 jobs, with state and local governments continuing to make cuts in an effort to balance their budgets.
Economists had expected just 175,000 jobs to be added in the month. The change in total nonfarm payroll employment for February was revised up to a gain of 235,000 from 194,000 and the change for March was also revised up, from 216,000 to 221,000.
Since the low in February 2010, total payroll employment has grown by 1.8 million in the U.S. Private sector employment has increased by 2.1 million over the same period.
Employment gains for the month were led by hiring in the retail (57,000), professional and business services (51,000), health care (37,000), and leisure and hospitality (46,000). Manufacturing employment grew 29,000, and mining grew 11,000 in the month.
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