|
|
"A comprehensive, collaborative elections resource."
|
Strong job growth in April
|
|---|
| Parent(s) |
Issue
|
| Contributor | Tony82 |
| Last Edited | Tony82 May 06, 2005 09:17am |
| Logged |
0
|
| Category | News |
| News Date | Friday, May 6, 2005 03:15:00 PM UTC0:0 |
| Description | Net gain in jobs comes in well above Wall Street forecasts; unemployment rate still 5.2%.
May 6, 2005: 8:47 AM EDT
NEW YORK (CNN/Money) - Employers added far more jobs in April as the latest reading on labor market strength fell flew in the face of recent Wall Street fears of a slowing U.S. economy.
The Labor Department reported Friday that there was a net gain of 274,000 jobs to U.S. payrolls, compared with a revised 146,000 gain in the March report. Economists surveyed by Briefing.com had forecast a 170,000 gain in April.
The April number wasn't the only one showing unexpected strength. The March employment gain was revised up from an intial reading of 110,000 new jobs, and the February rate was also revised up to a 300,000 increase from a previous reading of a 243,000 gain. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
