{"id":418667,"date":"2011-05-06T13:15:23","date_gmt":"2011-05-06T13:15:23","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/06\/us-employment-up-again-in-april\/"},"modified":"2011-05-06T13:15:23","modified_gmt":"2011-05-06T13:15:23","slug":"us-employment-up-again-in-april","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/06\/us-employment-up-again-in-april\/","title":{"rendered":"US employment up again in April"},"content":{"rendered":"

6 May 2011<\/span> Last updated at<\/span> 09:01 ET<\/span><\/span><\/p>\n

US employment rose in April for the seventh month in a row, official figures have shown, but the overall unemployment rate has also risen.<\/p>\n

According to the US Labor Department, the number of new jobs created in April rose by 244,000, more than expected.<\/p>\n

However, the unemployment rate rose too, to 9%, from 8.8%. The employment and unemployment figures are collected using different methods.<\/p>\n

The number of US citizens out of work is 13.7 million.<\/p>\n

The majority of new jobs – 44,000 – were created in the mining and energy sectors.<\/p>\n

Data for the previous two months was revised up to show 46,000 more jobs were added.<\/p>\n

Although the increase in the number of people in work was better than had been expected, it is a fraction of the 8 million US workers who lost their jobs in the downturn following the 2008 financial crisis.<\/p>\n

That, and the rise in the unemployment rate, are unlikely to lead to any change in policy by the monetary authorities.<\/p>\n

High commodity and food prices curbed US economic growth in the first quarter.<\/p>\n

The latest figures showed the economy grew at an annualised pace of 1.8% in the first quarter of this year, after expanding at a rate of 3.1% in the final three months of last year.<\/p>\n<\/div>\n

See the article here:
\nUS employment up again in April<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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