Unemployment Drops, Economy Adds Jobs

Posted by - Friday, April 1st, 2011

Unless the Labor Department is playing a sick April Fool's joke, 216,000 jobs were added to the U.S. economy last month. Unemployment also fell to 8.8% which is the lowest since March of 2009.

"Almost two years after the recession officially ended, the labor market appears to finally be picking up," Kathy Bostjancic, director for macroeconomic analysis at the Conference Board, told the Los Angeles Times.

The Times lays it all out in this chart:

la times chart

Read the whole story here.


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IBD: The Real Unemployment Rate is 19.4%
At the current hiring pace jobs won't hit there old peak until December 2016....almost six years from now.

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