Friday, June 1, 2012

Unemployment for April up 0.1%, U6 up 0.3%

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

The May unemployment rate was up 0.1% from April to 8.2%, and the broader U6 measurement was up 0.3% to 14.8%.

The story today will be the lack of job growth (69k non-farm payroll jobs), and the downward revisions for job growth for March and April. Less talked about will be the slight uptick in the labor force participation rate and the employment-population ratio.

This is not good news, but we knew that already.

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

1 comment:

  1. It is truly fascinating how stock market gains do not result in any meaningful hiring, yet lousy job report crashes the market.