US Economy Adds 165,000 Jobs in April
Strong Jobs Growth in April as well as upward revisions of February and March data sends markets surging to new heights.
The US Department of Labor announced today that the US Economy added 165,000 jobs in April, 25,000 more than economists had expected. But the big news came on the announcement of that the department had revised the previous two months upward by 114,000. This common practice of revision allows the department more time to evaluate job growth over the previous month. Their report turned an already strong February into an jobs-jackpot of sorts, totaling an astounding 332,000 jobs.