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Monday, September 01, 2014, 4:44 p.m.
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U.S. gains 288,000 jobs, most in 2 years

By The Associated Press

This article was published May 2, 2014 at 8:01 a.m.

WASHINGTON — U.S. employers added a robust 288,000 jobs in April, the most in two years, evidence that the economy is picking up after a brutal winter slowed growth.

The Labor Department also said Friday that the unemployment rate sank to 6.3 percent, its lowest level since September 2008, from 6.7 percent in March. But the drop occurred because the number of people working or seeking work fell sharply. People aren't counted as unemployed if they're not looking for a job.

In addition to the strong hiring in April, employers 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.

Employers have now added an average of 238,000 jobs the past three months, up from 167,000 in the previous three.

Hiring last month was broad-based and included higher-paying jobs: Manufacturing gained 12,000 positions. Construction added 32,000. Professional and technical services, which include accounting and engineering positions, gained 25,100 jobs.

The jump in hiring comes after a spate of other data showed that the economy is improving. Consumers are ramping up spending, businesses are ordering more goods and manufacturers are expanding. The strengthening numbers show that harsh snowstorms and frigid cold in January and February were largely to blame for the economy's scant growth at the start of the year.

The economy barely expanded from January through March, eking out an annual growth rate of just 0.1 percent, down from a 2.6 percent rate in the final three months of 2013. Americans spent more last quarter on utilities and health care, but their spending on goods barely rose. Businesses also reduced spending, and exports fell.

Still, other data indicate that the economy was already rebounding in March and probably improved further in April. Consumers bought more cars and spent more at shopping malls. Overall consumer spending soared in March by the most in 4½ years.

Spending is up partly because Americans earned a bit more, and confidence has improved from the bleak winter months. Incomes rose 0.5 percent in March, the government said, the most since August.

And a private survey showed that manufacturing activity accelerated in April for a third straight month.

Businesses are also investing more in machinery and equipment after cutting back in those areas in January and December. Business orders for manufactured goods jumped in March, the government said last week.

All told, the positive news has led most economists to forecast a strong rebound in economic growth — to a 3.5 percent annual rate in the current April-June quarter. And growth should reach nearly 3 percent for the full year, up from 1.9 percent in 2013, they expect.

Comments on: U.S. gains 288,000 jobs, most in 2 years

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KCSAP says... May 2, 2014 at 8:45 a.m.

Economy slows to .01 percent growth in the 6th lovely year of Obama recovery and all of the sudden woohoo 288k jobs! We are going backwards with the ideological propagandist, proven and admitted lier's, that are called the Obama administration.

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FreeSpiritMan says... May 2, 2014 at 9:27 a.m.

kcsap ...... your ignorance is showing through again, your propaganda has not work as Obama has been elected twice by the majority.
*
What don't you understand, did your fail your Fix News economic course?
Overall consumer spending soared in March by the most in 4½ years.
Stock market approaching 17,000.
Unemployment rate sank to 6.3 percent, its lowest level since September 2008.
Employers have now added an average of 238,000 jobs the past three months, up from 167,000 in the previous three.
*
This is what the voters will look at in 2014, not Benghazi.

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KCSAP says... May 2, 2014 at 10:54 a.m.

Smitty you appear to be a typical lib; deny everything, admit nothing, attack the messenger. If you believe this economy is rebounding perhaps you may want to take a trip to China and you will see a vibrant expanding economy which has surpassed the US economy under the disgraceful guidance of Obama. Well at least Fox provides facts unlike the propaganda from MSNBC, "Black Hole disappearance of MA flt 370" CNN, ABC, CBS, and of course the "edit the 911 call" and "liar Rather" NBC news.

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KCSAP says... May 2, 2014 at 11:33 a.m.

Hey Smitty, FYI 800K people left the labor force in April and the U6 Unemployment Rate is over 12 million which is the highest since 1976. Facts that actually mean something.

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rback57 says... May 2, 2014 at 11:50 a.m.

The BLS U-6 index is much closer to reality; it is showing 12.3% unemployment for April 2014. The reason the U-3 unemployment rate fell to 6.3% was 806,000 stopped looking for work. The labor participation rate is the lowest since 1978. bsboy needs to quit being deceptive and admit this incompetent clown we call POTUS is the worst since carter.

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Morgancub says... May 2, 2014 at 12:35 p.m.

Global free trade is working for China, Mexico, Taiwan, but not us... You want jobs, you have to reinstate tariffs..

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Populist says... May 2, 2014 at 12:37 p.m.

kcsap,

This was predicted by economists. Much of the country was snowed in during January and February so things were slow those two months. The economy is better than it has been in years; we have long term problems with finding work for the unskilled. The manufacturing jobs went away with NAFTA and CAFTA etc. People need to obtain more skills.

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carpenterretired says... May 2, 2014 at 12:39 p.m.

In the fantasy world of fox news the sky has been falling for the last five years but is there a limit to the gullibility of fox news viewers ?

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