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. 
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4 comments:

  1. AnonymousMay 4, 2012 at 11:37 AM

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

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

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

    ReplyDelete
  3. AnonymousMay 4, 2012 at 5:46 PM

    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.

    ReplyDelete
    Replies
    1. ChemjobberMay 4, 2012 at 6:05 PM

      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

      Delete

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