News / USA

US Economy Has Biggest Job Growth In Four Years

Multimedia

TEXT SIZE - +
Kent Klein

The U.S. economy created 290,000 jobs in April, the most in any month in the past four years.  U.S. President Barack Obama says the Labor Department's latest employment numbers are an encouraging sign.   

President Obama says the U.S. economy has come a very long way since he took office early last year.

"We now know that the economy has been growing for the better part of a year, and this steady growth is starting to give businesses the confidence to expand and to hire new people," said President Obama.

While April was the fourth straight month that the economy has had a net gain in jobs, the unemployment rate edged up to 9.9 percent, from 9.7 percent in March.

The Labor Department says more than 800,000 people who had given up looking for work are trying again, and Mr. Obama says that is also a good sign.

"Given the strength of these job numbers, this may seem contradictory, but this increase is largely a reflection of the fact that workers who had dropped out of the workforce entirely are now seeking jobs again, encouraged by better prospects," said Mr. Obama.

Opposition Republicans blame the Obama administration for an unemployment rate they say is unacceptably high.  A statement from Republican Congressman Mike Pence says the Democrats' "policies of taxing, spending and bailouts are having a chilling effect on job creators across the country."

15.3 million Americans were unemployed in April.  The president acknowledges that putting them back to work will take time.

"Over the course of this recession, more than 8 million jobs were lost," said the president. "So there are a lot of people out there who are still experiencing real hardship.  We have got to be mindful that today's job numbers, while welcome, leave us with a lot of work to do.  It is going to take time to achieve the strong and sustained job growth that is necessary."

Analysts do not expect hiring to increase enough in the coming months to bring the jobless rate down significantly.

But the experts say the high number of jobs added last month shows that businesses are feeling more confident in the U.S. economic recovery.  

Factory production increased in April at the fastest pace in almost six years, and consumer spending was up in March by the largest amount in five months.  

You May Like

Wikipedia Proves Useful for Tracking Flu

Technique gave better results than Center for Disease Control (CDC) and Google’s Flu Trends More

Turkish Law Gives Spy Agency Controversial Powers

Parliament approves legislation to bolster powers of intelligence service, which government claims is necessary to modernize and deal with new threats Turkey faces More

Video Face of American Farmer Changing

Average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Face of American Farmer is Changingi
X
Mike Osborne
April 18, 2014
The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Face of American Farmer is Changing

The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Donetsk Governor: Ukraine Military Assault 'Delicate But Necessary'

Around a dozen state buildings in eastern Ukraine remain in the hands of pro-Russian protesters who are demanding a referendum on self-rule. The governor of the whole Donetsk region is among those forced out by the protesters. He spoke to VOA's Henry Ridgwell from his temporary new office in Donetsk city.
Video

Video Drones May Soon Send Data From High Seas

Drones are usually associated with unmanned flying vehicles, but autonomous watercraft are also becoming useful tools for jobs ranging from scientific exploration to law enforcement to searching for a missing airliner in the Indian Ocean. VOA’s George Putic reports on sea-faring drones.
Video

Video New Earth-Size Planet Found

Not too big, not too small. Not too hot, not too cold. A newly discovered planet looks just right for life as we know it, according to an international group of astronomers. VOA’s Steve Baragona has more.
Video

Video Copts in Diaspora Worry About Future in Egypt

Around 10 percent of Egypt’s population belong to the Coptic faith, making them the largest Christian minority in the Middle East. But they have become targets of violence since the revolution three years ago. With elections scheduled for May and the struggle between the Egyptian military and Islamists continuing, many Copts abroad are deeply worried about the future of their ancient church. VOA religion correspondent Jerome Socolovsky visited a Coptic church outside Washington DC.
Video

Video Critics Say Venezuelan Protests Test Limits of Military's Support

During the two months of deadly anti-government protests that have rocked the oil-rich nation of Venezuela, President Nicolas Maduro has accused the opposition of trying to initiate a coup. Though a small number of military officers have been arrested for allegedly plotting against the government, VOA’s Brian Padden reports the leadership of the armed forces continues to support the president, at least for now.
Video

Video More Millenials Unplug to Embrace Board Games

A big new trend in the U.S. toy industry has more consumers switching off their high-tech gadgets to play with classic toys, like board games. This is especially true among the so-called millenial generation - those born in the 1980's and 90's. Elizabeth Lee has more from an unusual café in Los Angeles, where the new trend is popular and business is booming.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
AppleAndroid