Economy Added More Jobs in April

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The US economy continues to add jobs.  "Nonfarm payroll employment rose by 244,000 in April," according to the latest report from the Department of Labor.  Despite the increase in jobs, the unemployment rate rose slightly, and is now at 9.0% (up from 8.8% at the end of March).  Here's a look at the unemployment trends from the Bureau of Labor Statistics:

Here are some of the key data from other areas we like to track in the monthly jobs report:

The number of persons unemployed for less than 5 weeks increased by 242,000 in April. The number of long-term unemployed (those jobless for 27 weeks and over) declined by 283,000 to 5.8 million; their share of unemployment declined to 43.4 percent.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed over the month, at 8.6 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.

In April, 2.5 million persons were marginally attached to the labor force, about the same as a year earlier. (These data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Read the full report from the BLS here.


Posted 05-06-2011 3:36 PM by Graham Griffith
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