by Calculated Threat on 5/03/2024 08:30:00 AM
From the BLS:
Complete nonfarm payroll employment elevated by 175,000 in April, and the unemployment price
modified little at 3.9 %, the U.S. Bureau of Labor Statistics reported as we speak. Job features
occurred in well being care, in social help, and in transportation and warehousing.
…
The change in whole nonfarm payroll employment for February was revised down by 34,000, from
+270,000 to +236,000, and the change for March was revised up by 12,000, from +303,000 to
+315,000. With these revisions, employment in February and March mixed is 22,000 decrease than
beforehand reported.
emphasis added
Click on on graph for bigger picture.
The primary graph exhibits the roles added per thirty days since January 2021.
Payrolls for February and March had been revised down 22 thousand, mixed.
The second graph exhibits the year-over-year change in whole non-farm employment since 1968.
In April, the year-over-year change was 2.80 million jobs. Employment was up solidly year-over-year.
The third graph exhibits the employment inhabitants ratio and the participation price.
The Labor Drive Participation Fee was unchanged at 62.7% in April, from 62.7% in March. That is the share of the working age inhabitants within the labor power.
The Employment-Inhabitants ratio decreased to 60.2% from 60.3% (blue line).
I will put up the 25 to 54 age group employment-population ratio graph later.
The fourth graph exhibits the unemployment price.
The unemployment price elevated to three.9% in April from 3.8% in March.
This was beneath consensus expectations; and February and March payrolls had been revised dpwn by 22,000 mixed. Â
I will have extra later …
