Biggest Surge in Employment in More Than 2 Years

Unemployment rate shrinks to 6.3 percent as job market rallies.
2:05 | 05/02/14

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Transcript for Biggest Surge in Employment in More Than 2 Years
Headlines about the American workplace some hot news about jobs. 288000. Jobs added last month the biggest surge in more than two years. Unemployment shrinking down to six point 3% and remember at one point of that recession unemployment hit a high of 10%. So is this the real turnaround for American workers ABC's chief business correspondent Rebecca Jarvis tells us. -- inside that promising new jobs over and today. Another number to keep -- IL. 32000. That's how many new construction jobs were added in -- many of them home builders. How does it feel being you -- unbelievable -- -- him sitting home. Equipment operator Adam Segal says he and his team have seen business picking up all over New Jersey evening -- -- lot more optimistic. Feeling good feel good about work and back to work full time not two hours here two days here. It's also will welcome sign for would be home buyers dealing with this himself -- bidding wars soaring prices. Real estate expert and shark -- shark Barbara Corcoran explains why -- And so much demand not enough inventory in the builders can catch up fast enough we just aren't enough -- -- program. The new construction jobs -- about 101000 new homes will go up this year. Project manager Randy Donna believes there could be even more coming here. Last year at this time I'd say we've had for projects under construction. Right now we have a -- so eleven it's much much better than it was last year at this time. He warned that they just last week telling us now is a good time to buy if you plan -- -- For a significant period of time by all -- -- -- -- the best. Bird lover made you know 55 years ago 56 years ago I bought the house I'm living in the day. Even with homes like this one going up all over the country were still a ways off for what you would consider -- normal healthy housing market. That would take about 500000. More new -- and would create about one and a half million new jobs.

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