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• Wednesday, May 22nd, 2013

The unemployment rate in America fell to a five year low in April and is currently down to 7.5%.

The new figures, released by the Labor Department, show a vast improvement to the employment figures in the US and it also demonstrates how the economy is recovering from the recession more quickly than some expected.

In March 138,000 jobs were added to the economy and April saw 165,000 new positions open. During the first few months of the year job openings increased more than anticipated, with 114,000 more positions opening than first expected in February and March.

The new figures show just how much the economy has recovered since the recession. The private sector also increased its hiring activity although figures suggest government hiring has fallen slightly.

A host of industries have been hiring more in the first quarter of the year including the manufacturing, food and drink and healthcare industries.

The decrease in the number of unemployed people also appears to be due to more people taking part time positions. 27.4 million employees currently work part time hours in America.

The number of people temping also increased in April. 30,800 new employees were added to temping payrolls which is reported to be the highest number in over a year.

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