US announces jobs explosion in March, April
AFP, Washington
The United States announced Friday an explosion of 600,000 new jobs in March and April, casting aside the slur of a "jobless recovery" and igniting interest rate rise speculation. The jobs boom also brought some pre-election political relief to President George W. Bush. The economy churned out 288,000 new jobs in April, far more than the 165,000 predicted by private analysts, the Labor Department said. In March, employers took on an upwardly revised 337,000 -- substantially more than first thought and the biggest number since October 1990. The unemployment rate, measured by a separate survey, eased to 5.6 percent in April from 5.7 percent in March.
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