Hiring Increases but Unemployment rises to 9%
Even though more jobs were added, unemployment increased from 8.8 to 9% and that doesn’t count the number of underemployed or not reported. CNN: The unemployment rate edged up to 9.0%, ending a streak of four straight months of declines. Economists had forecast it would remain unchanged at 8.8%. The rate often increases as the job market improves and previously discouraged workers return to labor force. An additional 113,000 people who were not counted among the unemployed in March, re-entered the labor force in April.