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.

    Read more
    by cassandra.garrison edited by shane.ferro 5/2/2014 12:58:33 PM
Powered by ScribbleLive
Photo

Ukraine rebels say they are poised to recapture Donetsk airport

BRUSSELS/DONETSK Ukraine - EU officials proposed sanctions on Tuesday to starve Russian firms of cash as punishment for Moscow's role in Ukraine, where rebels said they were storming Donetsk airport, potentially their biggest prize since turning the war's tide last week. | Video