Economy Added 244,000 Jobs in April
Posted on May 6, 2011The U.S. Bureau of Labor Statistics reported today that nonfarm payroll employment rose by 244,000 in April. The BLS says private sector employment has increased by 2.1 million since February 2010. Unemployment edged up from 8.8% to 9.0%. Some of the industries adding jobs were retail (57,000 jobs), professional and business services (51,000 jobs), healthcare (37,000 jobs) and leisure and hospitality (46,000 jobs).
The numbers sound good, but the economy would be creating closer to 400,000 jobs or more if was strong. A CNBC post says the internals are weak. Take a look: