The Bureau of Labor Statistics reported on Friday that 290,000 non-farm jobs were added in the month of April, the largest monthly gain of any month in the past 4 years!
For April and March combined, 573,000 jobs were added. After steadily losing jobs in 2009, we can finally be encouraged that the economy is sustaining its own recovery.
Jobs Added in Past 3 Months:
April: 290,000
March: 230,000
Feb: 39,000
These industries showed notable job gains:
Professional/Business Services: 80,000
Leisure & Hospitality 45,000
Manufacturing: 44,000
Services to Buildings/Dwellings: 26,000
Healthcare: 20,000
Construction: 14,000
Interestingly, the unemployment rate actually rose from 9.7% to 9.9% – indicating that thousands of workers who had given up their job search gained a new enthusiasm and restarted their searches.
