FULL ENJOY Call Girls In Mahipalpur Delhi Contact Us 8377877756
US Employment Data: Unemployment Rate Falls in April, Job Growth Slows
1. Data for the Classroom from
Ed Dolan’s Econ Blog
http://dolanecon.blogspot.com/
US Jobs Data:
.
Unemployment Edges
Down, Job Growth Slows
Posted May 4, 2012
Terms of Use: These slides are made available under Creative Commons License
Attribution—Share Alike 3.0 . You are free to use these slides as a resource for your economics
classes together with whatever textbook you are using. If you like the slides, you may also want to
take a look at my textbook, Introduction to Economics, from BVT Publishers.
2. Payroll Job Growth Slows
Total payroll job growth for April was a
modest 115,000, slowing somewhat
from the first three months of the year.
The private sector gained 130,000
jobs while the government lost 15,000
jobs
Job growth was concentrated in
services, although there was also a
small gain in manufacturing
The previously reported March gain
was revised upward by 34,000 jobs;
February was revised up by 19,000
Posted May 4, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
3. Unemployment Rate Falls to 8.1 Percent in April
The unemployment rate, which is the
ratio of unemployed persons to the
labor force, fell slightly to 8.1 percent
in April, its lowest since February 2009
For the second month in a row, the
labor force, the number of employed,
and the number of unemployed all fell
The unemployment rate is based on a
household survey that does not
always closely track job growth as
reported by the payroll survey
Posted May 4, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
4. Broad vs. Standard Unemployment Rate
The BLS also provides a broader
measure of job-market stress, U-6
The numerator of U-6 includes
Unemployed persons
Marginally attached persons who
would like to work but are not looking
because they think there are no jobs
Part-time workers who would prefer
full-time work but can’t find it
The denominator includes the labor
force plus the marginally attached
U-6 held at 14.5 percent in April after
falling sharply in March
Posted May 4, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
5. Long-Term Unemployment Falls, but Remains High
The percentage of all unemployed
workers who have been out of work
27 weeks or longer fell in April,
continuing a recent trend
The long-term unemployment rate
has been unusually high throughout
the recession and recovery
Posted May 4, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com
6. Employment-Population Ratio Falls Slightly
The employment to population ratio
fell slightly for the second month in a
row. At 58.4 percent, it is now barely
above its its all-time low of July 2011
This ratio is subject to a long-term
downward trend caused, in part, by a
steady increase in the percentage of
the population of retirement age
Posted May 4, 2012 on Ed Dolan’s Econ Blog http://dolanecon.blogspot.com