U.S. gains more jobs in April, but unemployment rises (to 9%)

[steve2470]

http://www.latimes.com/business/la-fi-jobs-20110507,0,5088541.story

Reporting from Washington— Despite sharply weaker economic growth in the first quarter, the nation created almost a quarter-million new jobs in April, notched its third straight month of solid payroll gains and eased fears that higher oil prices might undercut the fragile recovery.

But an unexpected uptick in the unemployment rate — to 9% last month from 8.8% in March — offered a harsh reminder of how deep the roots of America's jobs problem go and how great the challenges remain.

The country gained 244,000 net jobs last month but still needs about 7 million additional jobs just to return to pre-recession levels.

And a significant part of the stubbornly high unemployment may be structural: Millions of potential workers may have only the dimmest prospects for finding work even if the recovery continues — owing largely to their levels of skill and education.

[uvrays]

1. deep hole to get out of..

[Exilednight]

2. And CEO pay sets records while millions starve and people are paid just above minimum wage. Why the

fuck doesn't the government do anything to fix this problem.

A new study by a liberal think tank suggests that 25 million Americans are currently underemployed, and all the new jobs being created are low level McJobs. I wonder what the numbers would of been like if McDonalds had not gone on a 50k person hiring spree?