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 12:58:33 PM
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Europe trades blame as migrants' bodies pulled from Mediterranean

TRIPOLI/BUDAPEST - Seven people died when a boat carrying migrants sank off Libya's coast on Sunday, the second such fatal accident at sea within days, while European leaders struggled to find a coherent policy on the refugee crisis.