Payroll employment rises 244,000 in April; unemployment rate edges up to 9.0%

Source: Bureau of Labor Statistics

Employment Situation Summary

THE EMPLOYMENT SITUATION -- APRIL 2011

Nonfarm payroll employment rose by 244,000 in April, and the unemployment rate
edged up to 9.0 percent, the U.S. Bureau of Labor Statistics reported today.
Job gains occurred in several service-providing industries, manufacturing,
and mining.

Household Survey Data

The number of unemployed persons, at 13.7 million, changed little in
April. The unemployment rate edged up from 8.8 to 9.0 percent over the
month but was 0.8 percentage point lower than in November. The labor
force also was little changed in April. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men
(8.8 percent), adult women (7.9 percent), teenagers (24.9 percent),
whites (8.0 percent), blacks (16.1 percent), and Hispanics (11.8 percent)
showed little change in April. The jobless rate for Asians was 6.4 percent,
not seasonally adjusted. (See tables A-1, A-2, and A-3.)

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. (See table A-12.)

Read more: http://www.bls.gov/news.release/empsit.nr0.htm

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The large print giveth, and the fine print taketh away.

A Du'er pointed out a few months back that, if I'm going to post the link to the press release, I should include the link to all the tables that provide additional ways of examining the data. Specifically, I should post a link to "Table A-15. Alternative measures of labor underutilization." Table A-15 includes those who are not considered unemployed, on the grounds that they have become discouraged about the prospects of finding a job and have given up looking. Here are those links.

Employment Situation

Table A-15. Alternative measures of labor underutilization

They were expecting 180,000. Uptick in rate shows more people are looking for work. Job market is steadily improving, folks... :bounce:

Yes, we still have a long ways to go but it seems folks around here like those on the Right simply ignore the fact we were losing nearly a MILLION JOBS A MONTH when President Obama came into office. I think President Obama has done a good job turning the economy around considering the Republicans have done EVERYTHING they could to slow the turn around down!


To be honest, I was shocked to see the Osama Bin Laden news make it to the Greatest thread page.

In my area there are zero job listings in the paper except for CNAs.

All in all, this is the absolute best jobs number since 2006. :applause:

Really its just more of the same crap. Recovery sure sure

http://www.dailyjobcuts.com

All indexes up nicely on the good news.

Disconnect between wallstreet and what is actually happening? CEO making top pay, never been better. What do we get Mcdonalds - $6 to $10 Maximum.

overlap even more when folks finally get their way about privatization of Social Security.

However, despite overlap, the two groups are not totally congruent. Hence, their respective experience of the U.S. plutonomy are sometimes vastly different.

McDonald's hiring 50,000 workers today

I really hope the rest of those jobs are better...

PB

not enough to make up for all the lost jobs. most of the jobs are related to the stimulus projects.

we need another stimulus package!

"most of the jobs were related to the stimulus projects"?

I'm genuinely incredulous at the reports that the stimulus has improved the economy or job market:



"We have tried spending money. We are spending more than we have ever spent before and it does not work." -Henry Morgenthau, Secretary of the Treasury under President Franklin D. Roosevelt, 1939

Obama and the Democrats are going to be in trouble, especially if the Republicans can come up with a viable candidate. Even if Obama manages to just hold on, the Senate will likely be lost if the economy is still sluggish. Given that Democrats will have twice as many Senate seats to defend as Republicans, that is going to be a tough fight even the economy does improve to the point where middle America notices it and believes it.

own ratings are still good.

Unless people are lying to pollsters, he will probably be re-elected.

We may kiss Congress good-bye, though. I hope not, but we may. If so, we'll have to depend on Obama's negotiating skills and veto pen--and the damned faux filibuster rules.

I think many people don't understand and so thewy just keep throwing ut incummbents, hoping that will make things better.

Adding a link.

Commodities bubble continues to burst

Source: Reuters

(Reuters) - New U.S. claims for unemployment aid unexpectedly rose last week to touch their highest level in eight months, pushed up by factors ranging from spring break layoffs to the introduction of an emergency benefits program, a government report showed on Thursday.

Initial claims for state unemployment benefits rose 43,000 to a seasonally adjusted 474,000, the highest since mid-August, the Labor Department said

Economists polled by Reuters had forecast claims dropping to 410,000. The prior week's figure was revised up to 431,000 from the previously reported 429,000.

The four-week moving average of unemployment claims, a better measure of underlying trends, increased 22,250 to 431,250, the highest since November.

http://www.reuters.com/article/2011/05/05/us-usa-economy-idUSTRE73D8GJ20110505



http://www.dol.gov/opa/media/press/eta/ui/eta20110624.htm

If new jobs are being created, all of the other numbers will eventually fall into line. If companies are creating new jobs, then those will be filled. Then those newly hired will start spending, and more jobs are created, etc. etc. etc.

The job creation rate is the most important factor.

Per the Dept. of Labor:

"U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

At 15.6%, I surmise that that way too many people are either unemployed or under-employed. Mickey D's, anyone?

I certainly am thrilled at the latest job creation figures, but things are still not all hearts and flowers out there.

I was getting worried after the increases in first time claims.

FED UP! Just get it done; I'm slave to no man, State, or Nation. I put in and came through for so many for so long, and in the time I have left, I pledge to take out your time, energy, spirit, and tax dollar, because that is what YOU want. It's gonna cost somebody something to dig the hole!

building infrastructure and the like. . .

When people I know personally who have been looking for jobs for months and years are finally employed again, I'll "get" that a Main Street recovery has actually taken hold.

Until then, my congratulations to Wall Street, the investor class and the top 10% and my condolences to everyone else. Your plutonomy is working beautifully.

Meanwhile, I assume we can expect a revised set of these numbers in a few days, as per usual?