U.S. have increased in April to create jobs in four years
26,362 viewsWASHINGTON - The U.S. economy created 290,000 new jobs in April, the biggest increase since March 2006, which followed a rise of 230,000 jobs in March - a revised elevation of 162 000. The data was released by the Department of Labor. Economists polled by Dow Jones had expected an increase of 180,000 new jobs in April in the U.S..
Considering revisions to previous months, the U.S. economy gave an average 142 000 new jobs per month during the first four months of the year. During the past two years, the U.S. economy has lost 8.5 million jobs.
Despite positive payroll, unemployment continuing worries
Although the number of jobs created in the U.S. in April was higher than expected, the report released by the Labor Department indicates that the country’s labor market U.S. may still be weakened. Soon after the report’s release, the stock index futures in New York reduced the gains and the dollar started to operate below 93 yen.The two numbers are calculated by the Bureau of Labor Statistics in different ways. The data on the payroll is based on a survey of employers, while the unemployment rate - which rose to 9.9% in April from 9.7% in March - is calculated using a survey of individuals.
Economists expect the unemployment rate to fall very slowly, as people who had stopped looking for work return to the workforce and are counted as unemployed. The size of the workforce in the U.S. increased by 805,000 in April, the Labor Department.
A broader measure of unemployment continued to rise in April. The so-called underemployment rate - which includes people who have stopped seeking employment and those working part time because they can not find a vacancy for full time - increased to 17.1% in April from 16.9% in March. In January, the underemployment rate stood at 16.5%.The report also showed that average hourly earnings of all employees rose only $ 0.01 to U.S. $ 22.47 in April. The earnings of employees in private production and jobs that are not supervisory increased $ 0.05 to U.S. $ 18.96.
Moreover, the average length of unemployment of Americans rose to 33.0 weeks in April from 31.2 weeks in March and 45.9% of the unemployed have been unemployed for over a year and a half.