April Payrolls Rise by 244,000
NEW YORK ( TheStreet) -- Employment grew more than expected in April.
The Labor Department reported that nonfarm payroll employment rose by 244,000 in April compared with 221,000 in March.
Economists were on average were expecting a rise of 185,000, according to Briefing.com.
The change for nonfarm payroll employment in March was revised to growth of 221,000 from 216,000.In April, employment rose by 57,000 in retail, 51,000 in professional and business services and 46,000 in leisure and hospitality. The unemployment rate edged up to 9%. Meanwhile, average hourly earnings for all employees on private nonfarm payrolls increased by 3 cents, or 0.1%, to $22.95 in April. On the downside, employment in both state government and local government continued to trend down, with April losses concentrated in the non-educational areas, the Labor Department said. >>Search for Highest Dividends by Rate or Yield
|More on Earnings Today's Top Earnings|
>To contact the writer of this article, click here: Andrea Tse. >To follow the writer on Twitter, go to Andrea Tse. >To submit a news tip, send an email to: email@example.com.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts