Hiring in U.S. Kicks Into Higher Gear as Unemployment Fal
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The labor market shifted into a higher gear in April with payroll gains showing the most widespread advance in two years, a sign the U.S. economic expansion is on the verge of speeding up.
The 288,000 increase in employment marked the biggest upside surprise since February 2012 and followed a 203,000 rise the prior month, Labor Department figures showed yesterday in Washington. An index measuring the share of industries hiring climbed to 67, the highest level since January 2012. The jobless rate dropped to 6.3 percent, the lowest since September 2008.