Unemployment rate spikes to 9.9%
The unemployment rate spiked from 9.7% to 9.9% in April. This despite the addition of 66,000 temporary census workers even with the addition of 66,000 temporary government workers to conduct the US census. WPTV (NBC) of course sugar coats the news:
The government says the hiring of 66,000 temporary government workers to conduct the census helped overall payroll growth last month. However, private employers added a surprisingly strong 231,000 positions last month, also the most since March 2006.
The unemployment rate rose from 9.7 percent in March to 9.9 percent in April, mainly because 805,000 jobseekers — perhaps feeling better about their prospects — resumed their searches for work.
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