In another sign that the recovery in the U.S. economy is taking hold, employers added significantly more jobs to payrolls in April, according to a government report released Friday.
There was a gain of 290,000 jobs in the month, up from a revised 230,000 jobs added in March. It was the largest number of jobs added to the labor force since March 2006.
The results were much better than expected. Economists surveyed by Briefing.com had forecast a gain of 187,000 jobs.
After nearly two years of job losses, the economy has now added jobs in five of the last six months. With upward revisions for both March and February, there has been a gain of 573,000 jobs since the start of the year.
“It clearly shows that this economic recovery can no longer be seen as a jobless one,” said Bart van Ark, chief economist of The Conference Board, a leading business research firm. “Companies apparently are finding they can’t squeeze out any more output without adding workers.”
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Article courtesy cnn.com