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US employment jumps 244,000 in April | US employment jumps 244,000 in April |
(40 minutes later) | |
US employment rose in April for the seventh month in a row, official figures have shown, but the overall unemployment rate has also risen. | US employment rose in April for the seventh month in a row, official figures have shown, but the overall unemployment rate has also risen. |
According to the US Labor Department, the number of new jobs created in April rose by 244,000, more than expected. | According to the US Labor Department, the number of new jobs created in April rose by 244,000, more than expected. |
However, the unemployment rate rose too, to 9%, from 8.8%. The employment and unemployment figures are collected using different methods. | However, the unemployment rate rose too, to 9%, from 8.8%. The employment and unemployment figures are collected using different methods. |
The number of US citizens out of work is 13.7 million. | The number of US citizens out of work is 13.7 million. |
The majority of new jobs - 44,000 - were created in the mining and energy sectors. | The majority of new jobs - 44,000 - were created in the mining and energy sectors. |
Data for the previous two months was revised up to show 46,000 more jobs were added. | |
Although the increase in the number of people in work was better than had been expected, it is a fraction of the 8 million US workers who lost their jobs in the downturn following the 2008 financial crisis. | |
That, and the rise in the unemployment rate, are unlikely to lead to any change in policy by the monetary authorities. | |
High commodity and food prices curbed US economic growth in the first quarter. | |
The latest figures showed the economy grew at an annualised pace of 1.8% in the first quarter of this year, after expanding at a rate of 3.1% in the final three months of last year. |