Labor Department: Unemployment increased in April

Labor Department: Unemployment increased in April

"According to the newly released Labor Department’s jobs report, the unemployment rate increased for the first time in three months to 9.9 percent in April. In the past three previous months the unemployment rate has held steady at 9.7 percent.

April’s unemployment rate is disappointing to the economists who predicted that the unemployment rate would remain steady. Christina Romer, Obama’s economic adviser, claimed that more discouraged workers returning to the labor force has increased the unemployment rate to 9.9 percent." Read More Labor Department: Unemployment 9.9%