Friday, May 4, 2012

BREAKING: Unemployment down 0.1% to 8.1%, broader measure flat at 14.5%

Credit: Calculated Risk
Fresh electrons from the Bureau of Labor Statistics:

New job growth in April was at 115,000 new jobs. The national unemployment rate was down 0.1% to 8.1% and the broader (U6) measurement of unemployment was at 14.5%.

Slowly, slowly.

Thanks, as always, to the excellent Calculated Risk blog for the graph. 

4 comments:

  1. Based on the slope of that line we got about two more years till we get back to zero. Super.

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  2. Unstable IsotopeMay 4, 2012 at 2:57 PM

    Sure would be nice to hit a steep part of the curve.

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  3. A plot of workforce population would also make this clearer. Are people retiring, going to school, staying at home, etc. instead of working? That could explain the slow growth.

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    Replies
    1. Good point. The labor force participation rate is dropping, as many people are deciding not to seek work.

      Here's a helpful summary: http://www.calculatedriskblog.com/2012/05/april-employment-summary-and-disucssion.html

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