Saturday, May 8, 2010
U.S. Economy Adds 290,000 Jobs
By Renae Merle
Washington Post Staff Writer
Saturday, May 8, 2010
The economic recovery that has bolstered manufacturing and retail recently might have finally reached the labor market, according to government data released Friday showing that employers hired workers last month at the quickest pace in four years.
The economy added 290,000 jobs, the Labor Department reported, far more than analysts had expected. The figure was embraced by economists who have lamented that the improvements in the economy, including in the housing and manufacturing sectors, had not been accompanied by encouraging news about the workforce. U.S. employers have added jobs for the past four months, according to the government survey.
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