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US Nonfarm payroll rises by 200,000 in April - the stimulus boom continues
Tania Harding
May 2, 2010

Payrolls rose by 200,000, the most in three years, after increasing by 162,000 in March.

Companies from Caterpillar Inc. to General Electric Co. are hiring as Americans spend more and businesses update equipment.

Sustained job growth is required to propel consumer spending, which accounts for about 70 percent of the economy.

Manufacturing expanded in April at the fastest pace in more than six years, market expectations forecast before a May 3 report from the Institute for Supply Management. The Tempe, Arizona-based group’s factory index increased to 60, the highest level since June 2004, from 59.6, the survey showed. Index readings greater than 50 signal expansion.


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