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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Turkey downs Russian warplane near Syria border, Putin warns of 'serious consequences'

ANKARA/MOSCOW Turkey shot down a Russian warplane near the Syrian border on Tuesday, saying the jet had violated its air space, in one of the most serious publicly acknowledged clashes between a NATO member country and Russia for half a century. | Video