May 8, 2010 in Nation/World

Confidence builds

 

Burst of hiring: Employers added a net 290,000 jobs in April, the most in four years. Most of those jobs came from private employers. Job gains were widespread – including manufacturing, construction, retail and business and professional services.

Influx of job seekers: The jobless rate rose from 9.7 percent to 9.9 percent. That’s because hundreds of thousands of people poured into the market looking for jobs.

Encouraging signals: Both employers and job seekers are gaining confidence as the economic recovery takes deeper root.

Associated Press


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