MSNBC: Breaking: 244,000 jobs created. Much more than expected--30% more. Reuters confirms.

[flpoljunkie]

Job Gains Largest in 11 Months, but Jobless Rate Up
By REUTERS
Published: May 6, 2011 at 8:39 AM ET

WASHINGTON (Reuters) - U.S. employment increased more than expected in April as private companies created jobs at the fast pace in five years, pointing to underlying strength in the economy, even though the jobless rate rose to 9.0 percent.

Nonfarm payrolls rose 244,000 last month, the most in 11 months, the Labor Department said on Friday. The private sector accounted for all of the job gains last month, with payrolls rising 268,000, the largest rise since February 2006.

The gain in overall payrolls, above economist' expectations for a 186,000 increase, was supportive of views the economic recovery would regain speed this quarter after stumbling in the first three months of the year on high commodity prices.

Data for the previous two months was revised to show 46,000 more jobs were added.

http://www.nytimes.com/reuters/2011/05/06/business/business-us-usa-economy-jobs.html?_r=1&hp

[babylonsister]

1. Holy mackeral. I thought I heard yesterday the numbers would be

dismal. Now I wonder where I heard that... Great good news for a Friday! :fistbump:

[flpoljunkie]

2. It was actually 244,000 jobs. I typed it wrong!

Unemployment rate back up to 9%, but the CNBC guy pointed out that was because more people were looking for work now in an improved job market.

[Kdillard]

3. That is great news. However does this mean speculators will start jacking up gas prices again?

[SpiralHawk]

4. "This totally sucks." - Republicons Against America (R)

"Except to the extent that these proles with new jobs can pay our taxes for us. Smirk. America 'needs' more more more tax cuts for rich republicons. Smirk."

- Republicons Against America (R)

[jefferson_dem]

5. Obama gets more good news -- more jobs

Obama gets more good news -- more jobs
08:39 AM
By David Jackson, USA TODAY

Pablo Martinez Monsivais, AP

President Obama's good week just got a little better -- 244,000 new jobs in April.

The new jobs report is not all good news -- the unemployment rate inched back up to 9%, from 8.8% in March. But that reflects the fact that more people have re-entered the labor force and are actively looking for job, another sign of economic recovery.

The economy has now added more than 200,000 jobs for three straight months, which the Associated Press describes as "the biggest hiring spree in five years."

Obama will discuss the economy later today during a visit to a transmission plant in Indianapolis.

http://content.usatoday.com/communities/theoval/post/2011/05/obama-gets-more-good-news----more-jobs/1?csp=34

[flpoljunkie]

6. Thanks. Will look forward to Obama's comments today in Indianapolis.

[RandomKoolzip]

7. Is it me or are Reuters and other major news sources just riddled with typos lately?

I keep finding spelling errors, grammar errors, and poorly constructed sentences in news items lately. These people need editors stat - and a fresh new copy of the AP Stylebook tied to each wrist.

[alcibiades_mystery]

8. That's what happens

When your news stories are proofread by free labor interns who go to unfunded colleges.

:-)

[brentspeak]

9. At least 62,000 of which are McDonald's fast food positions

http://www.allgov.com/Top_Stories/ViewNews/One_Million_Apply_for_62000_Jobs__with_McDonalds_110506

Show us some proof that the other ~ 180K jobs are good-paying/w/benefits/secure jobs and there would be a reason to celebrate.