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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> government employment

Unemployment rate hits 9% in mixed April labor report

Posted by RJ and Makay on May 06, 2011

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The U. S. economy added more jobs than expected in April, but unemployment increased for the first time in six months, rising to 9%, from 8.8% in March.

Nonfarm payrolls rose by 244,000 as the private sector, which accounts for 70% of the workforce, saw in increase of 268,000 jobs. It was the strongest gain in 5 years according to the Labor Department.