Biggest Jump In Jobs In 10 Years

Posted by | June 4, 2010 10:00 | Filed under: Top Stories

Conservatives will say it’s only because of the addition of temporary Census workers; nevertheless, 431,000 jobs were added in May, the biggest jump in 10 years, and the continuation of a five-month trend.  It’s not all-perfect news, but it’s trending in the right direction.

It was a disappointing number for private sector hiring as economists surveyed by had forecast an overall gain of 500,000 in May.

Despite the spike in hiring, the unemployment rate slipped to 9.7% from 9.9% in April. Economists had forecast it would decline to 9.8%.

After nearly two years of constant job losses, the U.S. economy has added 982,000 jobs so far in 2010, adding workers in every month, a sign that the labor market is improving beyond the short-term Census jobs. But the modest gain shows that employers are still cautious about adding staff.

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Copyright 2010 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

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