Friday
May072010
Unemployment Rate Rises Despite Jobs Increase
Friday, May 7, 2010 at 9:10AM
According to statistics released on Friday by the U.S. Department of Labor, the nation's unemployment rate rose to 9.9% in April. However, the economy experienced an uptick of jobs, to the tune of 290,000 added.
The biggest gains in employment were seen in the manufacturing, professional and business services, health care, and leisure and hospitality industries. Federal government employment also surged, likely due to the increased hiring of temporary census workers.
Despite the good news, House Republican Conference Chairman Mike Pence (R-Ind.) slammed the Obama administration for failing to bring down the overall jobless rate.
“These are difficult times for America’s families and today’s unemployment report delivers even more bad news," said Pence. "Democrats continue to advance a liberal agenda that is doing more harm than good. The Democrat policies of taxing, spending and bailouts are having a chilling effect on job creators across the country."
Conversely, White House Council of Economic Advisers Chair Christina Romer viewed the new numbers positively.
"Today’s employment report shows the strongest signs yet of healing in the labor market, as private nonfarm payrolls expanded substantially," she wrote. "The current numbers now show that employment has grown in each of the past four months."
Click here for the full report.
The biggest gains in employment were seen in the manufacturing, professional and business services, health care, and leisure and hospitality industries. Federal government employment also surged, likely due to the increased hiring of temporary census workers.
Despite the good news, House Republican Conference Chairman Mike Pence (R-Ind.) slammed the Obama administration for failing to bring down the overall jobless rate.
“These are difficult times for America’s families and today’s unemployment report delivers even more bad news," said Pence. "Democrats continue to advance a liberal agenda that is doing more harm than good. The Democrat policies of taxing, spending and bailouts are having a chilling effect on job creators across the country."
Conversely, White House Council of Economic Advisers Chair Christina Romer viewed the new numbers positively.
"Today’s employment report shows the strongest signs yet of healing in the labor market, as private nonfarm payrolls expanded substantially," she wrote. "The current numbers now show that employment has grown in each of the past four months."
Click here for the full report.
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