Employers in U.S. Added More Jobs Even as Fuel Costs Climbed
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American employers added more jobs than forecast in April and previous monthly gains this year were revised up, easing concern the economy is cooling.
Payrolls expanded by 244,000 last month, the biggest gain since May 2010, after a revised 221,000 increase the prior month, the Labor Department said yesterday in Washington. The jobless rate climbed to 9 percent, the first increase since November, a separate survey of households showed. Employment was forecast to grow by 185,000 last month, according to the median estimate of economists surveyed by Bloomberg News.