Economy gains impetus as U.S. adds 290,000 jobs, By Motoko Rich, May 7, 2010, New York Times: “At a time of extreme uncertainty in the financial markets, the American economy is showing signs of a sustained recovery, adding an unexpectedly high number of jobs last month. With concerns about the spreading debt crisis in Europe and a rise in the long-term unemployed, economists cautiously welcomed on Friday the Labor Department’s monthly snapshot of the job market, which showed that employers added 290,000 jobs to the economy, the largest gain in four years. After revisions, it was the fourth consecutive month of job gains. The unemployment rate, however, crept up to 9.9 percent in April from 9.7 percent in March, mostly the government said, because about 805,000 people joined the labor force either working or looking for work…”
Poverty-related issues in the news, from the Institute for Research on Poverty