April Jobs Report | Reuters.com
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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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Fear for civilians as Islamic State halts Iraqi army at gates of Falluja

CAMP TARIQ, Iraq Islamic State fighters halted an Iraqi army assault on the city of Falluja with a counter-attack at its southern gates on Tuesday, while the United Nations warned of peril for civilians trapped in the city and used by militants as human shields. | Video