Largest Hiring burst in years, but jobless rate

Good or Bad News? In April the economy improved with the burst of 290,000 jobs, which was the biggest amount of jobs created since the recession. However, the unemployment rate instead of decreasing like predicted, actually rose some .2% which is still hard to understand. Economists predict that many who gave up hope looking for a job months ago, felt optimistic after hearing about the news. Several people went out looking for jobs which changed the statistics.

The good news that many feel is that companies are finally taking the risk by hiring more for their business. President Obama described this additon of jobs as "very encouraging news". However, there is still a long way to go. It provides safety for people who have finally attained a job, but it offers no comfort to people who still are out of work.

Many Economists now have predicted that the unemployment rate will rise above 10 percent in the months mainly because of the stock market crash in Europe.

Furthermore, as of now 15.3 million people were noted as being out of work last month and the number of people who have been out of work for six months or more has also risen. Hiring is not expected to reduce the unemployment rate anytime soon.

These are clear signs that the economy is improving. Needless to say, there is still a long way to go. People still are out of work, and according to economists the unemployment rate won't drop until the mid decade at the least. Still this is a sign of improvment, things don't happen overnight and I think that if little changes such as this occur, it will lead to a recovery.

http://news.yahoo.com/s/ap/2000507/ap_on_bi_go_ec_fi/us_economy