|Credit: Calculated Risk|
Friday, May 2, 2014
Non-farm payroll jobs up 288,000, unemployment down 0.4% in April to 6.3%
Total non-farm payroll was up 288,000 in April; the unemployment rate fell 0.4% to 6.3%. That's a pretty big drop -- I haven't heard yet whether or not this was a move in labor-force productivity, or if it's viewed as a genuinely good news. My sense from a quick scan around the economics blogosphere is that it's seen as good news.
The broader U6 measure of unemployment was down 0.4% as well to 12.3%. Hard to believe that just a couple years ago, it was 14-15%.
Employment in the chemical manufacturing subsector was up 1,500 to 798,600 positions.
Unemployment for college graduates was down in April 0.1% to 3.3%. Unemployment for non-high-school graduates was down 0.7% to 8.9%.
Thanks, as always, to Calculated Risk for the graph.