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April sees unemployment rise for first time in months
By Oscar Monfort on May 9th, 2010
Despite an increase in the number of jobs available, unemployment rose during April, according to the U.S. Bureau of Labor Statistics.
The jobless rate rose to 9.9 percent during the fourth month of 2010, while the number of jobs available increased 290,000. This is the first increase in unemployment seen since last year, while the rate had remained at 9.7 percent from January through March.
Despite the increase, U.S. Labor Secretary Hilda Solis said the administration's efforts are paying off, as five of the last six months have seen an increase in jobs.
"Today's numbers indicate that the steps this administration has taken over the past year are putting the American economy on the right track," Solis said.
The total number of unemployed persons counted by the government is above 15 million. People who have found themselves without a job may have resorted to other means to try and pay off day-to-day expenses.
One of those might have been a credit card, which some used to buy groceries or pay rent while income lagged or disappeared. However, people who find work after unemployment may be able to use debt consolidation to help pay off what they owe.
Debt consolidation may allow people to lower the interest on a credit card account, which could help reduce the amount of time it takes to pay down what is owed.
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