The latest report from the Labor Department gives us a glimmer of hope that the recession is ending and recovery is on it’s way. For a third straight month U.S. employers have added new jobs to the suffering economy. 244,000 new net jobs were added for the month of April, showing similar and consistent growth through February and March.
This information conflicts with an increase in jobless rates, which edged up 0.2% from last month, but experts generally trust information from the payroll reports as they come from more detail surveys received from employers. The jobless rate figures are derived from a survey of households. One sour note is the expected job loss from government agencies as a result in recent budget cuts. Educators are closest to the chopping block with the end of the school year approaching.
The recovery has been painstakingly slow and inconsistent, we have only gained 1.8 million jobs of the 8.8 million lost between 2007 and 2010, but these new figures will help restore confidence in our economy and will further stimulate growth.