One can only imagine what the REAL unemployment number actually is. Keynesian manipulations…. WASHINGTON (AP) — Employers added more than 200,000 jobs in April for the third straight month, the biggest hiring spree in five years. 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. The job gains were widespread. Retailers, factories, financial companies, education and health care and even construction companies all added jobs. Federal, state and local governments cut jobs.
But the unemployment rate ticked up to 9 percent from 8.8 percent in March, the first increase since November. The government uses a separate survey to calculate the unemployment rate. The survey sometimes diverges from a separate survey used to number of jobs employers added. (read more)
“Fishing for the Real Jobs Number”