April’s unemployment numbers: jobs added, unemployment rate increases

Unemployment numbers were released this morning. They show that 290,000 new jobs have been added, the most in four years. However, the unemployment rate, which had been holding steady at 9.7 percent since January, rose to 9.9 percent in April. Managing director of the Economic Cycle Research Institute, Lakshman Achuthan says that although there seems to be a discrepancy with these numbers, they actually make sense as hopeful workers reenter the job force.