April US Jobs Report: Hiring Picks Up, Surprising Economists

April US Jobs Report: Hiring Picks Up, Surprising Economists

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Coffee kiosk - Black Rock Coffee BarThe economy added 165,000 jobs in April, surprising economists and easing fears of an imminent collapse in the recovery.

The Labor Department had previously reported a disappointing 88,000 jobs added in March with an unemployment rate of 7.6 percent. But Friday’s report revised the number of jobs added that month to 138,000, and those added in February to 332,000 from 268,000.

Also, an optimistic report released last week showed the number of Americans filing unemployment claims fell last week to the lowest level since January 2008.

(READ the story at ABC News)

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