published Friday, May 2nd, 2014

US unemployment rate lowest in more than five years

WASHINGTON — The U.S. unemployment rate plunged in April to its lowest level since September 2008 as employers added 288,000 jobs, the most in two years.

The figures are a clear sign that the economy is picking up after a brutal winter slowed growth.

The Labor Department says the unemployment rate fell to 6.3 percent from 6.7 percent in March. But the drop occurred because the number of people working or seeking work fell sharply. People not seeking work aren't counted as unemployed.

Employers also 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.

Job creation is accelerating: Employers added an average of 238,000 jobs the past three months. That's up from 167,000 in the previous three.

about Associated Press...

The Associated Press

Other National Articles

videos »         

photos »         

e-edition »

advertisement
advertisement

Find a Business

400 East 11th St., Chattanooga, TN 37403
General Information (423) 756-6900
Copyright, Permissions, Terms & Conditions, Privacy Policy, Ethics policy - Copyright ©2014, Chattanooga Publishing Company, Inc. All rights reserved.
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.