Economy Adds Jobs, but Unemployment Rises

By Toni Vranjes

May 7, 2010

Employers added 290,000 workers to their payrolls in April — the largest monthly increase in four years.

The new jobs were spread across many industries: manufacturing, mining, construction, professional and business services, health care, leisure and hospitality, and the federal government. Over the past four months, the U.S. economy has added 573,000 jobs.

However, people who had dropped out of the workforce are returning, pushing up the jobless rate. Unemployment jumped from 9.7 percent to 9.9 percent, according to the Labor Department.

Despite the strong job growth, the number of long-term unemployed rose to 6.7 million in April, compared to 6.5 million the previous month.

“So this week’s job numbers come as a relief to Americans who found a job,” President Obama said today. “But it offers obviously little comfort to those who are still out of work. So, to those who are out there still looking, I give you my word that I’m going to keep fighting every single day to create jobs and opportunities for people.”

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