By NELSON D. SCHWARTZ
NEW YORK TIMES
[MAY 2, 2014] The American economy picked up steam in April, as employers added 288,000 jobs while the unemployment rate fell to 6.3 percent, the lowest level since September 2008.
After a sharp slowdown in job growth in December and January, and a modest improvement since then, economists had been forecasting a healthy gain for April as consumer and business activity rose in tandem with temperatures in many parts of the country.
But the good news was tempered by a drop of 806,000 in the number of Americans in the labor force, pushing the labor participation rate down sharply. And despite the fall in joblessness, average hourly earnings were flat.
via Report Shows Resurgence of Hiring but Has Downbeat Notes – NYTimes.com.
Just when it seemed to be gaining steam, the U.S. job market pretty much stalled in March. Employers added a net 120,000 jobs during the month, defying the higher expectations of a lot of economists. And though the unemployment rate fell, it did so for the wrong reasons.Over the past few months, the economy has been adding jobs at a good, if not spectacular, pace, and all the signs suggested that trend had continued through March. As it happened, jobs increased at a rate that barely keeps up with population growth.
via Job Numbers: ‘One Month Does Not Make A Trend’ : NPR.
Companies in the U.S. expanded payrolls in March, showing the labor market is strengthening, according to data from a private report based on payrolls.
Employment increased by 209,000 for the month after a revised 230,000 gain in February, figures from ADP Employer Services showed today. The median estimate in the Bloomberg News survey called for a 206,000 increase.
via Company Payrolls in U.S. Grow by Estimated 209,000 Workers – Bloomberg.