AirTalk for May 7, 2010

U.S. economy added 290,000 jobs, but unemployment rose to 9.9%--huh?

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Justin Sullivan/Getty Images

Job seekers wait in line to enter the California Job Journal HIREvent February 10, 2009 in San Francisco, California. With the nation's unemployment rate at 7.6 percent, hundreds of job seekers flocked to the California Job Journal HIREvent job fair where approximately 1,700 jobs from a variety of different companies were available.

The new report on jobs from the U.S. Bureau of Labor Statistics released today shows a pickup in employment last month. Why, then, did the jobless rate rise? Analysts believe many out-of-work Americans who had given up on finding work resumed their searches in April. And 290,000 job seekers were hired. Are you unemployed? Have you recently returned to work? Does April feel any more optimistic? Though the California report has not been released yet, does your experience here reflect the national mood?

Guest:

Lakshman Achuthan, Managing Director of the Economic Cycle Research Institute


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