Jobs Up, But So Is Unemployment
The Bureau of Labor Statistics released its monthly Employment Situation data earlier today, and the numbers might seem a little bit confusing at first. About 244,000 new jobs were added nationwide in April, which marks the strongest three-month hiring level in five years, and is almost 60,000 jobs more than economists had predicted. But the unemployment rate nudged up a bit to 9.0 percent, up from 8.8 percent last month. So is it good news or bad news overall?