Friday, May 3, 2013

Unemployment down 0.1% to 7.5%, 165,000 new non-farm payroll jobs created

Credit: Calculated Risk
Fresh electrons from the Bureau of Labor Statistics: the employment rate is down 0.1% to 7.5% for April 2013, with 165,000 new non-farm payroll jobs created. The broader U6 measurement of unemployment was up 0.1% to 13.9%.
I believe the media will be fixated on the positive revisions for job creation in February and March, with a total of 114,000 new jobs added to the 356,000 that were already created. 

Chemical manufacturing employment was up slightly (900 jobs) to 794,500 employed in April.

The unemployment rate for college graduates was up 0.1% to 3.9%, which is about the level it's been for a while. Unemployment for workers with less than a high school degree was up 0.5% to 11.6%.

All in all, not a bad report. I'd really like to see some sharply downward drops in unemployment, though.

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

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