Email
Password
Remember meForgot password?
    Log in with Twitter

article imageU.S. jobless rate tumbles to 6.3; in April alone 288,000 new jobs

By Marcus Hondro     May 3, 2014 in World
When he took office in January of 2009, U.S. President Barack Obama inherited an economy that lost over 2 million jobs in the final 3 months under George W. Bush. With a world-wide recession impeding recovery it took time but at last it's looking up.
Numbers just released show the jobless rate down to 6.3, it's lowest since before that damaging plunge under the previous administration began in September of 2008. The 288,000 jobs added in April of 2014 were the most added in one month in two years.
Economists noted that figures show there were fewer people entering the job market, and that helped the unemployment rate fall to 6.3. But with those 288,000 jobs added in April, and 203,000 jobs in March (revised up from 192,000) and 222,000 in February (revised up from 197,000) analysts were positive about the U.S. economy and forecasting further economic gains in the country.
The winter had been slow and economists then were predicting it was an abnormal blip and that has turned out to be the case. When the April report on the economy and jobs was released, stocks rose sharply but have since dipped down.
More about us jobless rate, US economy, Obama
More news from Show all 8
Latest News
Top News