The jobs recovery picked up speed in April, as business payrolls swelled and the unemployment rate rose as more people returned to the workforce.
The economy added 244,000 jobs in the month, the Labor Department reported Friday. That's up from the 235,000 jobs gained in March. Economists surveyed by CNNMoney were expecting a slight slowdown to a gain of just 185,000 jobs.
Job growth has been strong since the beginning of the year, with 768,000 jobs added since January. And Friday's report also showed that 46,000 more jobs were added in February and March than previously thought.
FULL CNNMONEY.COM STORY
This level of unemployment is in the sweet spot for employers. With 6 people waiting to take each open position, business can effectively instruct workers to bend over.
"There will be no increase in pay" or "If you don't like this job, leave." are constant refrains of the boss and his/her minions. Folks are scared and hungry. The boss knows this. Its why corporations have all time record profits. And CEOS have higher pay then before taxpayer bailout of crooks.
Make no mistake,
It is truly pathetic that over 1 million freedom loving citizens would vie for 50,000 MacDonald's jobs.
Way to go capitalism. You have really motivated people to help others.
I'm unemployed, but I don't care, I rent my ass, alwqays get good money for it.
I'm confused. If jobs are being added at approx 200k/mo for 4 mo- why is the unemployment rate rising instead of falling?
These are not the real numbers! We need to create 175,000 jobs per month to compensate for students graduating, or dropping out, mothers returning from maternity leave , soldiers after discharge etc. They don't include people who are not eligible for unemployment such as self employed, those who used up their benefits, people who are under employed (working part time).
I hear 5.5 million people will loose un employment benefits at the end of this month. But relax the recession has been over for years. I think this administration will go down in history as "the government that cried wolf".
The last time we had full employment in America it was known as slavery, so will we repeat the later or just have slave wages!!
We need more jobs.
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I rarely post on blogs but it's time for people to start taking control of their income. We are all unknowingly becoming a statistic and it's starting to anger me. This is a great blog post, because it's tough to find people who know what they're talking about online.
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