Economy Adds 244k Jobs, Rate Ticks Up to 9%

Economy Adds 244k Jobs, Rate Ticks Up to 9%
— Employers added more than 200,000 jobs in April for the third straight month, the biggest hiring spree in five years. But the unemployment rate rose to 9% in part because some people resumed looking for work.

The Labor Department says the economy added 244,000 jobs last month. Private employers shrugged off high gas prices and created 268,000 jobs — the most since February 2006.

The gains were widespread. Retailers, factories, financial companies, education and health care and even construction companies all added jobs. Federal, state and local governments cut jobs.

The data suggests businesses are confidence in the economy despite weak growth earlier this year.

Still, unemployment increased slightly from the 8.8% in March. It was the first increase since November.

See the 2011 TIME 100

See the 140 Best Twitter Feeds