Job creation surprises, but worries remain

The Labor Department reported Friday morning that employers stepped up job creation in April, adding 290,000 new positions. That’s the most in four years.

It’s certainly a glimmer of hope after Thursday’s roller coaster ride on Wall Street.

But even with job seekers feeling better about their prospects for finding work, here are some statistics to keep in mind:

….the so-called underemployment rate rose to 17.1 in April. That’s close to the record high of 17.4 percent in October and shows just how difficult it is for jobseekers to find work.

The number of people out of work six months or longer reached 6.7 million in April, a new high. These people made up 45.9 percent of all unemployed people, also a record high.

North Carolina will release its unemployment rate for April on May 21st.


  1. […] This post was mentioned on Twitter by north_carolinaBNN. north_carolinaBNN said: The Progressive Pulse: Job creation surprises, but worries remain: The Labor Department reported Friday morning th… http://bit.ly/bdZlzH […]


    May 8, 2010 at 6:01 pm

    What happens when the stimulus money runs out, and interest rates begin to rise. Too little too late for the majority of jobseekers.

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