Exploring the “Job Gap” in April’s Employment Numbers

Introduction

Today’s employment numbers reinforce the signs of economic recovery. In April, the economy created 290,000 jobs. This is the first time since the beginning of the Great Recession in December 2007 that the economy has had four straight months of positive job creation. This confirms that the collective efforts of the Bush and Obama administrations, Congress, and the Federal Reserve, along with natural market forces, have helped put the economy on the right track.