Posted: Fri 7:35 AM, May 07, 2010
Reporter: wowt / CNBC Email
Updated: Fri 2:05 PM, May 07, 2010
Jobs Grow In April, But Jobless Rate Up To 9.9%
The economy added just under 300,000 jobs in April, but as people streamed back into the job market the unemployment rate actually went up to 9.9%
The Friday report from the government showed the economy added 290,000 jobs. Analysts had been expecting a number between 175,000 and 200,000.
60,000 of those jobs are temporary Census workers, but even with that analysts were surprised at the strength of job creation in the private sector. The growth of manufacturing jobs was the biggest monthly gain since August of 1998.
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