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Payrolls

Economy Adds 290K Jobs in April

Unemployment at 9.9 percent.

U.S. payrolls rose by 290,000 in the month of April, the most in four years, and beating estimates of 190,000, the Labor Department announced Friday. The rise, which includes 66,000 new temporary workers hired to conduct the U.S. Census, puts the U.S. unemployment rate at 9.9 percent, up from 9.7 in March. Julia Coronado, a senior U.S. economist at BNP Paribas in New York, explained: “The private sector is improving and job growth is picking up... The job growth will be enough to keep us on a pretty decent growth track.” Government payrolls also increased by 59,000.

Read it at Bloomberg

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