Unemployment rate rises in AprilThe U.S. unemployment rate increased from 8.8 percent in March to 9 percent in April, according to The New York Times. The increase is attributed in part to individuals resuming their job searches.
Employers added 244,000 jobs, which exceeded the 185,000 jobs analysts expected. Private employers added 268,000—the most since February 2006.
There were job gains in various sectors in April. The retail sector added 57,000 jobs; professional and business services sector added 51,000 jobs; leisure and hospitality sector added 46,000 jobs; health care sector added 37,000 jobs; and manufacturing sector added 29,000 jobs. The construction sector basically was unchanged. The government sector cut 24,000 jobs.
The number of unemployed people rose to 13.7 million in April.
Date : 5/6/2011