Report Shows Resurgence of Hiring but Has Downbeat Notes – NYTimes.com

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.

Leave a Reply