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Modest Jobs Gains Reported; Unemployment Declines

The economy added 165,000 jobs in April while the unemployment rate declined to 7.5 percent, the lowest level in more than four years, as hiring in the U.S. continued to gain at a modest rate.

The Labor Department report, released this morning, also amended earlier estimates, reporting that 332,000 jobs were added in February instead of the previously stated 268,000 and raising the March figure from 88,000 to 138,000.

The jobs increase for February is robust, while those for March and April are middling, given that the economy needs to add about 150,000 jobs a month just to stay even with population growth. But the numbers suggest that the employment situation is at least holding together despite weak economic growth and continuing budget deficits.

The Dow reacted today by topping 15,000 for the first time in its history.

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14 Responses to Modest Jobs Gains Reported; Unemployment Declines

  1. Alan Krueger says,
    While more work remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression. It is critical that we remain focused on pursuing policies to speed job creation and expand the middle class, as we continue to dig our way out of the deep hole that was caused by the severe recession that began in December 2007.

    Yawn. Same thing. Different month.

  2. The times are so good that middle-aged Americans are committing suicide in droves. The number is especially high among males in their fifties (50% increase in last ten years), and one of the major causes, imho THE major cause, is the economic downturn of the last decade. This information comes from the AP and the NYT who are today bragging about the 7.5% unemployment rate and stock market over 15,000.

    Sorry to be a downer, ‘folks’, but if I had cancer, I’d want to know about it and not bury my head in the sand. The downtown of my small town of 25,000 looks as if it had been hit by a neutron bomb. Lots of nice buildings with no people in them.

  3. I don’t believe anything that comes out of the leviathan, but good that the stock market got a shot of heroin from it. No doubt the Federal Reserve pumping $85 billion of funny money a month into the economy doesn’t hurt either. Still don’t regret taking every cent we own out of the stock market.

    • and yet today’s edition of “West Wing Week” is entitled “Nobody does it better” — complete with a link to a video of Obama’s greatest (orchestrated and edited) hits.

  4. Anyway Job loss is still a big issue in the US. We are still in the grips of an economic crisis and it doesn’t look like it’s going to get any better any time soon. It’s high time our people in power asked the specialists in economic crisis, for example the Orlando Bisegna Index experts, the same experts who have already saved lots of counties from default and have solved problems of lack of work, giving people back their dignity.

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