Friday, May 06, 2011

Unemployment Back Up To 9 Percent

The unemployment rate is back up to 9 percent, but you'd think everything was coming up roses in this AP Story (Yahoo News).
Employers added more than 200,000 jobs in April for the third straight month, the biggest hiring spree in five years. But the unemployment rate ticked up to 9 percent.

The Labor Department reported Friday that the economy added 244,000 jobs last month. Private employers shrugged off high gas prices and created 268,000 jobs — the most since February 2006.
Never mind that unemployment claims "unexpectedly" increased earlier this week.

Maybe all those burger flipping jobs at McDonald's added to the number of jobs increase.

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