April Jobs Report | Reuters.com
United States

April Jobs Report

  • U.S. payrolls surge in April, jobless rate hits 5-1/2 year low

    (Reuters) U.S. job growth increased at its fastest pace in more than two years in April and the unemployment rate dived to a 5-1/2 year low of 6.3 percent, suggesting a sharp rebound in economic activity early in the second quarter.

    Nonfarm payrolls surged 288,000 last month, the Labor Department said on Friday. That was the largest gain since January 2012 and beat Wall Street's expectations for only a 210,000 increase.

    The unemployment rate tumbled 0.4 percentage point, touching its lowest level since September 2008. The Labor Department attributed the decline to a drop in the number of unemployed people reentering the labor market as well as a fall in new entrants into the labor force.

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    by cassandra.garrison edited by shane.ferro 5/2/2014 12:42:21 PM
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Iraqi army aims to reach site of Islamic State executions south of Mosul

SOUTH OF MOSUL, Iraq The Iraqi army was trying on Thursday to reach a town south of Mosul where Islamic State has reportedly executed dozens to deter the population against any attempt to support the U.S.-led offensive on the jihadists' last major city stronghold in Iraq. | Video