April payrolls enjoy strongest surge in 2 yrs
Jobless rate falls 0.4 percentage point to 51/2-year low of 6.3%
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Washington
JOB growth in the US increased at its fastest pace in more than two years last month, suggesting a sharp rebound in economic activity early in the second quarter.
Non-farm payrolls surged 288,000 last month, the Labor Department said yesterday. That was the largest gain since January 2012 and beat Wall Street's expectations for an increase of 210,000. March and February data were revised to show 36,000 more jobs than previously reported. "The economy really has strong underlying fundamentals supporting its growth. Temporary headwinds such as the bad weather can be certainly managed," said Russell Price, senior economist at Ameriprise Financial in Troy, Michigan.
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