BLS:
Nonfarm payroll employment rose by 290,000 in April, the unemployment rate edged up to 9.9 percent, and the labor force increased sharply, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in manufacturing, professional and business services, health care, and leisure and hospitality. Federal government employment also rose, reflecting continued hiring
of temporary workers for Census 2010.
The 2010 April NFP was the fastest pace of job gains in four years. The +290k was the largest gain since March 2006.
I found this statement a significant change in BLS language: “Sizable employment gains occurred in” manufacturing, professional and business services, health care, and in leisure and hospitality.
Here are more of the details in the NFP data:
• Unemployed rate ticked up to 9.9% from 9.7%
• Total U3 unemployed is 15.3 million people.
• U-6 Total unemployment rose to 17.1% (another 9.2 million people).
• The Labor Pool increased substantially: plus 805,000, a gain of 0.3%. This accounts for essentially all of the unemployment gains.
• Average workweek increased by 0.1 hour to 34.1 hours.
• Average hourly earnings rose to $22.47 in April from $22.46.
• Temp workers increased 26,200.
• Revisions were positive: February revised from -14,000
to +39,000, and March was revised upwards from 162,000 to 230,000
• Manufacturers added the most workers to payrolls since August 1998.
• An influx of Census workers added 59,000, on top of the +66,000 employees last month.
• The NSA monthly data was +876k in March, and +1158k in April.
• Birth Death Adjustment was +188k
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