U.S. nonfarm payrolls add 290,000 workers in April

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Fri, 05/07/2010 - 2:08pm

Boanerges

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U.S. nonfarm payrolls add 290,000 workers in April

Excluding Census, jobs increase 224,000; jobless rate rises to 9.9%

WASHINGTON (MarketWatch) -- The U.S. added 290,000 jobs in April, the biggest increase since March 2006, with broad gains throughout the economy. Yet the unemployment rate rose.
Jobless rate rises to 9.9%

However, nonfarm payrolls increased by a higher-than-expected 290,000. The employment numbers come a day after one of the most harrowing days ever in the markets, as the Dow on Thursday took a 998.5 point plunge in a five-minute selloff, apparently triggered by a breakdown in trading systems.

Excluding temporary Census workers, nonfarm jobs rose a seasonally adjusted 224,000, the Labor Department said Friday. The unemployment rate ticked up to 9.9% from 9.7% owing to a big increase in the labor force.

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Times like this I hate listening to conservative radio. Jobs are up and the number of people looking for jobs is up. This is obviously GOOD news. Yet all I have heard all day from the right wing pundits is how the unemployment rate is up and Obama says this is good. well duh. It IS good. More people trying to get off unemployment that you guys (conserv pundits) rant about so often. That's good. Hello..... I guess some take their word as gospel and never stop to think about it.

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Wed, 05/12/2010 - 10:56am

AstuteObserver

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Re: U.S. nonfarm payrolls add 290,000 workers in April

I get a good laugh when reading these types of articles and statistics. First, if you stand back and ponder them they mean little if anything. Of course there is that operative phrase or dodge of "seasonally adjusted" to be considered when evaluating and assessing the statistics. Then of course there is the segregation of farm/agriculture workers from the rest of us - you know the remaining elite!

Unemployment is up by 0.01% so fucking what! This number represents only those currently registered for some sort of unemployment assistance. In my area the real unemployment rate is hovering somewhere around the low to mid 20% with the "official" figure reported at 12.2%.

The long and the short of it is that there are a hell of a lot of people out of work or without what was once called gainful employment. Keep taxing us and it will get worse and I suspect very depressing!

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Wed, 05/12/2010 - 11:47am

Boanerges

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Re: U.S. nonfarm payrolls add 290,000 workers in April

Was the double entendre intentional?

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Sun, 06/06/2010 - 8:45am

AstuteObserver

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Re: U.S. nonfarm payrolls add 290,000 workers in April

I am still trying to identify the DE! If not intentional maybe Freudian in nature.

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Mon, 06/07/2010 - 11:34am

Boanerges

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Re: U.S. nonfarm payrolls add 290,000 workers in April

AstuteObserver wrote:

Keep taxing us and it will get worse and I suspect very depressing!

Depressing as in I am sad and gloomy and depressing as in the economy not growing..

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