Trucking Adds 4,500 Jobs
The U.S. economy added 244,000 jobs in April â€” including 4,500 trucking jobs â€” but the unemployment rate rose to 9%, the Labor Department said Friday.
The unemployment rate rose from two-year-low 8.8% in March, and increased because more people have returned to looking for work, news services reported.
Through the four months ended in March, the unemployment rate had fallen a full percentage point, the sharpest such drop since 1983.
The payrolls gain was the biggest since May 2010 and followed a revised 221,000 gain in March that was slightly higher than originally reported.
The jobs increase topped economistsâ€™ forecasts of 185,000, Bloomberg reported. The unemployment rate was forecast to hold at 8.8%
Private hiring rose by 268,000, more than forecast, Bloomberg reported. It was the biggest such gain in more than five years and followed a 231,000 increase in March.
Government payrolls fell by 24,000, led by a 14,000 decline at local governments.
Factory employment jumped by 29,000, more than economistsâ€™ median forecast of 20,000, Bloomberg reported. Service employment jumped by 200,000 jobs.
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