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U.S. Job growth showed strong gains last month, increasing at a much stronger pace than in recent months.
Employers added 288,000 jobs in April, and unemployment fell sharply to 6.3% from 6.7%, the Labor Department said Friday.
Both are signs the economy is continuing to improve from the Great Recession. Ref. CNN
The economy added 217,000 jobs in May, the U.S. Department of Labor said today. Meanwhile, unemployment in May held steady at 6.3%.
The strong report, following good results in recent months, is another milestone indicating the jobs market is turning a corner.
Still, it has been the longest jobs recovery on record, and it will take millions more jobs to achieve the kind of healthy labor market the U.S. Had before the recession. Ref. CNN
The U.S. Jobs recovery continued in June: 288,000 jobs were added and the unemployment rate fell to 6.1% from 6.3% in May.
The job gains were "Widespread," The Labor Department said today. The results provide more evidence that the recovery has gained momentum in recent months. Ref. USAToday
US employment growth smallest in 8 months:
US employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs, providing a cautious Federal Reserve with more reasons to wait longer before raising interest rates. Ref. Source 5
The unemployment rate is misleading. It counts people working at worthless jobs like restaurants and getting paid minimum wage or less as employed. No one can support a family on such a wage! As such, the desperate people working at these undesirable jobs should count as unemployed rather than employed.