Jobless rate rises to 9% in April; recession continues despite addition of new jobs

Friday brought some good economic news for President Obama – even though the unemployment rate nudged higher.

Employers added 244,000 jobs in April — a welcoming surprise — but the unemployment rate still ticked up to 9%.

The new jobs, much higher than the expected 185,000, represent the biggest hiring spree in five years. There were gains in retail companies, factories, financial companies, health care and education.

Read the NY Daily News article.

Tagged as: Economic recovery, Jobless, jobless rate, President Barack Obama, Recession, Unemployment, unemployment rates, US economic recovery, US economy