There was welcome news in the Labor Department’s April job report – a strong gain in employment; the best in nearly four years. In addition, sharp revisions to February and March added an additional 121,000 workers to previously reported tallies.
Even excluding temporary Census workers, the April number was strong with a gain of 224,000 jobs. Economists had predicted the addition of 180,000 jobs, so the report came as a positive surprise to the markets.
In April, nearly 5,000 jobs were created in this industry and additional revisions for the previous two months now takes us to a slight positive job gain for 2010 to date.