290,000 New Jobs Created In April, But Unemployment Rate Jumps To 9.9%

[MNeagle]

290,000 New Jobs Created In April, But Unemployment Rate Jumps To 9.9%

Read more: http://www.businessinsider.com/april-jobs-report-2010-5#ixzz0nFMKTmWT




First read here: A lot more jobs were created (290K vs. expectations of 180K), but the workforce grew, so the unemployment rate jumped from 9.7% to 9.9%.

The full report is here.



Read more: http://www.businessinsider.com/april-jobs-report-2010-5#ixzz0nFMYOgXY

[MNeagle]

The "Real" Unemployment Rate Jumps To 17.1%


The BLS's U-6 number, which is sometimes called the "real" unemployment rate, because it takes into discouraged workers who aren't looking for work ticked up in April from 16.9% to 17.1%.

Here are some other internals;

Persons unemployed 15 weeks or longer held steady at 5.8%.

The average workweek increased .1 hours to 34.1 hours.

Average hourly earnings increased by a single penny to $22.47.

The Federal Government created 66,000 of the 290K jobs gained through the census.

More to come...



Read more: http://www.businessinsider.com/the-real-unemployment-rate-jumps-to-171-2010-5#ixzz0nFNPQz65

[chad]

bullshit fake census jobs.

[Twisted Titan]

Real unemployment is WELL past 25%


T

[Buddha]

I wonder how many of the other 200k + jobs created are also temporary

Sometimes I think that I am crazy reading news like this, with nearly 300k new jobs created, how can more people be out of work?

[Horn]

I took one look at that 290k # and could tell it was created exclusively for market events passing currently.