Employment in the U.S. increased by 290,000 in April (including 66,000 census workers) but the unemployment rate rose to 9.9 percent as new jobseekers outpaced new jobs.
At the same time the underemployment rate rose from 16.9 to 17.1 percent and the “number of people unemployed for 27 weeks or more rose as a percentage of all jobless, to a record 45.9 percent.”
∙ Payrolls Jump Most in Four Years on Private Jobs [Bloomberg]
from what I can tell from the story, a pretty positive piece of news. but that’s just me. ‘most in four years’ and ‘exceeded median estimate of economists’. that’s not insignificant.