Good news: U.S. economy adds 223,000 jobs - May. 8, 2015
The U.S. added 223,000 jobs in April, a healthy pick up after a disappointing March and about in line with what economists surveyed by CNNMoney projected. April's strong job gains reflect a trend the country saw last year: job growth cooling in the winter months, then gaining momentum into the spring. "They are good numbers," says Kate Warne, investment strategist at Edward Jones. "It's reassuring that we saw job growth rebound to above 200,000."
The good news doesn't stop there. The unemployment rate dropped to 5.4%, its lowest mark since May 2008. This is likely to be helpful to Democratic presidential candidate Hillary Clinton. Many believe she needs the economy to keep growing until Election Day in order for her to win the presidency. Wall Street was very happy with the report. The Dow is soaring over 250 points (nearly 1.5%) in Friday trading, and the yield on the 10-year government bond fell substantially as investors cease worrying so much about a slowdown.