Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From May 02, 2014

US Adds Most Jobs in Two Years, Unemployment Rate Falls to 6.3%

The US unemployment rate plunged in April to its lowest level since September 2008 as employers added 288,000 jobs, the most in two years.

US Adds Most Jobs in Two Years, Unemployment Rate Falls to 6.3%
Washington:

The US unemployment rate plunged in April to its lowest level since September 2008 as employers added 288,000 jobs, the most in two years.

The figures are a clear sign that the economy is picking up after a brutal winter slowed growth.

The Labor Department says the unemployment rate fell to 6.3 per cent from 6.7 per cent in March. But the drop occurred because the number of people working or seeking work fell sharply. People not seeking work aren't counted as unemployed.

Employers also added more jobs in February and March than previously estimated. The job totals for those two months were revised up by a combined 36,000.

Job creation is accelerating: Employers added an average of 238,000 jobs the past three months. That's up from 167,000 in the previous three.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source