Jobless rate rises to 9.9 percent as size of labor force increased
Source: Reuters
U.S. employment grew at the fastest pace in four years in April as private sector businesses ramped up hiring, showing the labor market recovery gaining steam.
President Barack Obama called the news "very encouraging."
Employers added 290,000 jobs in April, the Labor Department said Friday, far more than analysts had expected. The department also revised figures for February and March to show 121,000 more jobs were added than previously estimated.
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