Okay, there’s a lot of junk in the trunk today.
But here’s the economic news for dummies:
Payrolls in U.S. Rose 115,000 in April; Jobless Rate at 8.1%
Now, feel free to get back to Facebook.
Change in Nonfarm Payrolls
Change in Private Payrolls
Change IN Manufact. Payrolls
Avg Hourl Earn MoM All Empl
Avg Hourl Earn YoY All Empl
Avg Weekly Hours All Empl
Change in Household Emplmt
Employers in the U.S. added fewer workers than forecast in April and the jobless rate unexpectedly declined as people left the labor force, underscoring concern the world’s largest economy may be losing speed.
Payrolls climbed 115,000, the smallest gain in six months, after a revised 154,000 rise in March that was more than initially estimated, Labor Department figures showed today in Washington. The median estimate of 85 economists surveyed by Bloomberg News called for a 160,000 advance. The jobless rate fell to a three-year low of 8.1 percent and earnings stagnated.
Transportation and warehousing, government agencies and construction all cut jobs in April. Bloomberg survey estimates ranged from increases of 89,000 to 210,000 after a previously reported 120,000 rise in March. Revisions added a total of 53,000 jobs to payrolls in February and March.
The unemployment rate was forecast to hold at 8.2 percent, according to the survey median. Estimates in the Bloomberg survey ranged from 8.1 percent to 8.3 percent. Unemployment has exceeded 8 percent since February 2009, the longest such stretch since monthly records began in 1948.
The participation rate, which indicates the share of working-age people in the labor force, fell to 63.6 percent, the lowest since December 1981, from 63.8 percent.
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury