Jobs Report: 290K Jobs Added, But Unemployment at 9.9%
Posted May 11, 2010 at 9:06 AM by Maurice Berger
One political marker to watch for in this year's midterm election in the unemployment rate and job growth. The more quickly the nation recovers from the devastating recession of 2008-2009, the better the chances of the party in power . . . in this case the Democrats. With April's job report in, things could be looking up for the Democrats: employers added 290,000 more jobs, the largest one month gain since March 2006. Still, troubling sings persist: the unemployment rate actually increased to 9.9%, a clear indicator that more Americans are looking for jobs.
