The Pronk Pops Show 1071, Story 1: U-3 Unemployment Rate 3.9% and U-6 Unemployment Rate 7.8% — Labor Participation Rate Falls To 62.8% Far Below 66-67% Rate For Booming Economy — Number of Americans Not In Labor Force Increased By 410,000 and Hits High of 95,745,000! — Real Reason For .2% Drop in U-3 and U-6 Unemployment Rates — Mediocre Job Report — Videos — Story 2: President Trump Address Record 87,000 Plus National Rifle Association Members in Dallas, Texas — Videos

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The Pronk Pops Show Podcasts

Pronk Pops Show 1071, May 4, 2018

Pronk Pops Show 1070, May 3, 2018

Pronk Pops Show 1069, May 2, 2018

Pronk Pops Show 1068, April 26, 2018

Pronk Pops Show 1067, April 25, 2018

Pronk Pops Show 1066, April 24, 2018

Pronk Pops Show 1065, April 23, 2018

Pronk Pops Show 1064, April 19, 2018

Pronk Pops Show 1063, April 18, 2018

Pronk Pops Show 1062, April 17, 2018

Pronk Pops Show 1061, April 16, 2018

Pronk Pops Show 1060, April 12, 2018

Pronk Pops Show 1059, April 11, 2018

Pronk Pops Show 1058, April 10, 2018

Pronk Pops Show 1057, April 9, 2018

Pronk Pops Show 1056, April 4, 2018

Pronk Pops Show 1055, April 2, 2018

Pronk Pops Show 1054, March 29, 2018

Pronk Pops Show 1053, March 28, 2018

Pronk Pops Show 1052, March 27, 2018

Pronk Pops Show 1051, March 26, 2018

Pronk Pops Show 1050, March 23, 2018

Pronk Pops Show 1049, March 22, 2018

Pronk Pops Show 1048, March 21, 2018

Pronk Pops Show 1047, March 20, 2018

Pronk Pops Show 1046, March 19, 2018

Pronk Pops Show 1045, March 8, 2018

Pronk Pops Show 1044, March 7, 2018

Pronk Pops Show 1043, March 6, 2018

Pronk Pops Show 1042, March 1, 2018

Pronk Pops Show 1041, February 28, 2018

Pronk Pops Show 1040, February 27, 2018

Pronk Pops Show 1039, February 26, 2018

Pronk Pops Show 1038, February 23, 2018

Pronk Pops Show 1037, February 22, 2018

Pronk Pops Show 1036, February 21, 2018

Pronk Pops Show 1035, February 16, 2018

Pronk Pops Show 1034, February 15, 2018  

Pronk Pops Show 1033, February 14, 2018  

Pronk Pops Show 1032, February 13, 2018

Pronk Pops Show 1031, February 12, 2018

Pronk Pops Show 1030, February 9, 2018

Pronk Pops Show 1028, February 7, 2018

Pronk Pops Show 1027, February 2, 2018

Pronk Pops Show 1026, February 1, 2018

Pronk Pops Show 1025, January 31, 2018

Pronk Pops Show 1024, January 30, 2018

Pronk Pops Show 1023, January 29, 2018

Pronk Pops Show 1022, January 26, 2018

Pronk Pops Show 1021, January 25, 2018

Pronk Pops Show 1020, January 24, 2018

Pronk Pops Show 1019, January 18, 2018

Pronk Pops Show 1018, January 17, 2018

Pronk Pops Show 1017, January 16, 2018

Pronk Pops Show 1016, January 10, 2018

Pronk Pops Show 1015, January 9, 2018

 

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Image result for cartoons on unemployment rate and labor participation

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Story 1: U-3 Unemployment Rate 3.9% and U-6 Unemployment Rate 7.8% — Labor Participation Rate Falls To 62.8% Far Below 66-67% Rate For Booming Economy — Number of Americans Not In Labor Force Increased By 410,000 and Hits High of 95,745,000! — Real Reason For .2% Drop in U-3 and U-6 Unemployment Rates — Mediocre Job Report — Videos

 

Alternate Unemployment Charts

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

 

Public Commentary on Unemployment

Unemployment Data Series   Last Updated: May 4th, 2018

The ShadowStats Alternate Unemployment Rate for April 2018 is 21.5%.

http://www.shadowstats.com/alternate_data/unemployment-charts

Unemployment Game Show – Are you Officially Unemployed? | Mint Personal Finance Software

Does Government Create Jobs?

3 Reasons Why You Can’t Find a Job – Learn Liberty

Defining the Unemployment Rate

Is Unemployment Undercounted?

Frictional Unemployment

Structural Unemployment

Cyclical Unemployment

What Is the Natural Rate of Unemployment?

Labor Force Participation

Unemployment rate falls to lowest point since 2000

Unemployment rate down to 3.9%, but wages slow to rise

Kevin Hassett on the April jobs report: It’s a strong economy, strong report

Unemployment Rate Drops To 3.9% In April | CNBC

April jobs report shows growth, unemployment decline

April Jobs Growth Weaker Than Expected

Labor participation has hit a 38-year low, and that’s a problem

PBS NewsHour

Published on Jul 2, 2015

Transforming America’s Outdated Labor Market

Murray Rothbard on Economic Recessions

The Future of Austrian Economics | Murray N. Rothbard

F A Hayek – Unemployment And The Free Market

 

Civilian Labor Force Level

161,527,000

Labor Force Statistics from the Current Population Survey

 

Series Id:           LNS11000000
Seasonally Adjusted
Series title:        (Seas) Civilian Labor Force Level
Labor force status:  Civilian labor force
Type of data:        Number in thousands
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1998 137095 137112 137236 137150 137372 137455 137588 137570 138286 138279 138381 138634
1999 139003 138967 138730 138959 139107 139329 139439 139430 139622 139771 140025 140177
2000 142267(1) 142456 142434 142751 142388 142591 142278 142514 142518 142622 142962 143248
2001 143800 143701 143924 143569 143318 143357 143654 143284 143989 144086 144240 144305
2002 143883 144653 144481 144725 144938 144808 144803 145009 145552 145314 145041 145066
2003 145937(1) 146100 146022 146474 146500 147056 146485 146445 146530 146716 147000 146729
2004 146842(1) 146709 146944 146850 147065 147460 147692 147564 147415 147793 148162 148059
2005 148029(1) 148364 148391 148926 149261 149238 149432 149779 149954 150001 150065 150030
2006 150214(1) 150641 150813 150881 151069 151354 151377 151716 151662 152041 152406 152732
2007 153144(1) 152983 153051 152435 152670 153041 153054 152749 153414 153183 153835 153918
2008 154063(1) 153653 153908 153769 154303 154313 154469 154641 154570 154876 154639 154655
2009 154210(1) 154538 154133 154509 154747 154716 154502 154307 153827 153784 153878 153111
2010 153484(1) 153694 153954 154622 154091 153616 153691 154086 153975 153635 154125 153650
2011 153263(1) 153214 153376 153543 153479 153346 153288 153760 154131 153961 154128 153995
2012 154381(1) 154671 154749 154545 154866 155083 154948 154763 155160 155554 155338 155628
2013 155763(1) 155312 155005 155394 155536 155749 155599 155605 155687 154673 155265 155182
2014 155357(1) 155526 156108 155404 155564 155742 156011 156124 156019 156383 156455 156301
2015 157063(1) 156734 156754 157051 157449 157071 157035 157132 156700 157138 157435 158043
2016 158387(1) 158811 159253 158919 158512 158976 159207 159514 159734 159700 159544 159736
2017 159718(1) 159997 160235 160181 159729 160214 160467 160598 161082 160371 160533 160597
2018 161115(1) 161921 161763 161527
1 : Data affected by changes in population controls.

 

Labor Force Participation Rate

62.8%

 

Series Id:           LNS11300000
Seasonally Adjusted
Series title:        (Seas) Labor Force Participation Rate
Labor force status:  Civilian labor force participation rate
Type of data:        Percent or rate
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1998 67.1 67.1 67.1 67.0 67.0 67.0 67.0 67.0 67.2 67.2 67.1 67.2
1999 67.2 67.2 67.0 67.1 67.1 67.1 67.1 67.0 67.0 67.0 67.1 67.1
2000 67.3 67.3 67.3 67.3 67.1 67.1 66.9 66.9 66.9 66.8 66.9 67.0
2001 67.2 67.1 67.2 66.9 66.7 66.7 66.8 66.5 66.8 66.7 66.7 66.7
2002 66.5 66.8 66.6 66.7 66.7 66.6 66.5 66.6 66.7 66.6 66.4 66.3
2003 66.4 66.4 66.3 66.4 66.4 66.5 66.2 66.1 66.1 66.1 66.1 65.9
2004 66.1 66.0 66.0 65.9 66.0 66.1 66.1 66.0 65.8 65.9 66.0 65.9
2005 65.8 65.9 65.9 66.1 66.1 66.1 66.1 66.2 66.1 66.1 66.0 66.0
2006 66.0 66.1 66.2 66.1 66.1 66.2 66.1 66.2 66.1 66.2 66.3 66.4
2007 66.4 66.3 66.2 65.9 66.0 66.0 66.0 65.8 66.0 65.8 66.0 66.0
2008 66.2 66.0 66.1 65.9 66.1 66.1 66.1 66.1 66.0 66.0 65.9 65.8
2009 65.7 65.8 65.6 65.7 65.7 65.7 65.5 65.4 65.1 65.0 65.0 64.6
2010 64.8 64.9 64.9 65.2 64.9 64.6 64.6 64.7 64.6 64.4 64.6 64.3
2011 64.2 64.1 64.2 64.2 64.1 64.0 64.0 64.1 64.2 64.1 64.1 64.0
2012 63.7 63.8 63.8 63.7 63.7 63.8 63.7 63.5 63.6 63.8 63.6 63.7
2013 63.7 63.4 63.3 63.4 63.4 63.4 63.3 63.3 63.2 62.8 63.0 62.9
2014 62.9 62.9 63.1 62.8 62.8 62.8 62.9 62.9 62.8 62.9 62.9 62.8
2015 62.9 62.7 62.7 62.8 62.9 62.7 62.6 62.6 62.3 62.5 62.5 62.7
2016 62.8 62.9 63.0 62.8 62.6 62.7 62.8 62.8 62.9 62.8 62.7 62.7
2017 62.9 62.9 63.0 62.9 62.7 62.8 62.9 62.9 63.0 62.7 62.7 62.7
2018 62.7 63.0 62.9 62.8

 

Unemployment Level

6,346,000

 

Series Id:           LNS13000000
Seasonally Adjusted
Series title:        (Seas) Unemployment Level
Labor force status:  Unemployed
Type of data:        Number in thousands
Age:                 16 years and over

Download:
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
1998 6368 6306 6422 5941 6047 6212 6259 6179 6300 6280 6100 6032
1999 5976 6111 5783 6004 5796 5951 6025 5838 5915 5778 5716 5653
2000 5708 5858 5733 5481 5758 5651 5747 5853 5625 5534 5639 5634
2001 6023 6089 6141 6271 6226 6484 6583 7042 7142 7694 8003 8258
2002 8182 8215 8304 8599 8399 8393 8390 8304 8251 8307 8520 8640
2003 8520 8618 8588 8842 8957 9266 9011 8896 8921 8732 8576 8317
2004 8370 8167 8491 8170 8212 8286 8136 7990 7927 8061 7932 7934
2005 7784 7980 7737 7672 7651 7524 7406 7345 7553 7453 7566 7279
2006 7064 7184 7072 7120 6980 7001 7175 7091 6847 6727 6872 6762
2007 7116 6927 6731 6850 6766 6979 7149 7067 7170 7237 7240 7645
2008 7685 7497 7822 7637 8395 8575 8937 9438 9494 10074 10538 11286
2009 12058 12898 13426 13853 14499 14707 14601 14814 15009 15352 15219 15098
2010 15046 15113 15202 15325 14849 14474 14512 14648 14579 14516 15081 14348
2011 14013 13820 13737 13957 13855 13962 13763 13818 13948 13594 13302 13093
2012 12797 12813 12713 12646 12660 12692 12656 12471 12115 12124 12005 12298
2013 12471 11950 11689 11760 11654 11751 11335 11279 11270 11136 10787 10404
2014 10235 10365 10435 9724 9740 9474 9610 9602 9266 8972 9064 8704
2015 8951 8634 8578 8546 8662 8265 8206 7996 7891 7884 7948 7907
2016 7811 7806 8024 7942 7465 7812 7723 7827 7919 7761 7419 7502
2017 7642 7486 7171 7021 6837 6964 6956 7127 6759 6524 6616 6576
2018 6684 6706 6585 6346

 

95,745,000: Record Number Not in Labor Force as Boomers Retire

By Susan Jones | May 7, 2018 | 11:40 AM EDT
A growing number of retirees is pushing up the number of Americans counted as “not in the labor force.”

(CNSNews.com) – The number of employed Americans has broken eight records since President Trump took office, but on the not-so-sunny side, the number of Americans not in the labor force also keeps increasing, breaking six records since Trump took office in January 2017.

Last month, a record 95,745,000 Americans were counted as “not in the labor force,” meaning they are not employed and are not seeking a job, according to the Labor Department’s Bureau of Labor Statics. “This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work,” BLS said.

With record numbers of people not in the labor force, the labor force participation rate has remained stubbornly low in recent years.

In April, only 62.8 percent of the non-institutionalized, civilian population over the age of 16 was either working or actively looking for work. This compares with an all-time high of 67.3 percent in the first four months of 2000.

In a March 2018 report, the Congressional Budget Office noted that a lower labor force participation rate is associated with lower gross domestic product and lower tax revenues. It is also associated with larger federal outlays, because people who are not in the labor force are more likely to enroll in federal benefit programs, including Social Security.

This past January, the Congressional Budget Office projected that the labor force participation rate will continue to decline over the next 30 years from the current 62.8 percent to 61.0 percent in 2027 and to 59.2 percent in 2047.

According to that report, “The continued retirement of the baby-boom generation is the most important factor driving down the overall participation rate.” The first Baby Boomers — people born between 1946 and 1964 — turned 65 in 2011.

CBO has identified three factors pushing down the participation rate, and three factors pushing it up in future years, as follows:

On the downside:

— First, younger workers who are replacing Baby Boomers in the labor force tend to participate in the labor force at lower rates.

— Second, the share of people receiving disability insurance benefits is generally projected to continue increasing, and people who receive such benefits are less likely to participate in the labor force.

— Third, the marriage rate is projected to continue declining, especially among men, and unmarried men tend to participate in the labor force at lower rates than married men.

On the upside:

— First, the population is becoming more educated, and workers with more education tend to participate in the labor force at higher rates than do people with less education.

— Second, the racial and ethnic composition of the population is changing in ways that increase participation in the labor force. CBO expects Hispanics to make up an increasing share of the population, which would increase the overall labor force participation rate, and it expects non-Hispanic whites to make up a diminishing share, which would decrease the participation rate — resulting, on net, in an increase.

— Third, increasing longevity is expected to lead people to work longer.

https://www.cnsnews.com/news/article/susan-jones/95745000-record-number-americans-not-participating-labor-force-boomers

The U.S. Labor Market: 2017 Review and Outlook

 by Jed Kolko

The US labor market forged ahead in 2017. Job growth was strong and steady after accounting for hurricanes and extreme weather. Unemployment kept falling and wage growth picked up a bit. Best of all—the labor market recovery reached many of the least well-off, including those who were hurt most in the recession.

Still, the good news hasn’t touched everyone. The biggest short-term challenge is not growth, but distribution—some sectors of the economy and a few regions of the country lagged. Furthermore, the welcome narrowing of some labor market gaps in 2017 might turn out to be temporary. The labor market also faces longer-term challenges from technological disruption and polarization. In short, behind the successes of 2017, we found plenty to watch, wonder and even worry about in the year ahead.

A look back at 2017: leaps and momentum, with room to grow

The labor market made impressive gains this past year. October 2017 was the 85th consecutive month of job growth. So far in 2017, monthly job growth has averaged 169,000—down modestly from previous years, but more than we’d expect after so many years of recovery and expansion. Job growth is also still far ahead of what’s needed to keep up with low working-age population growth.

The result is more people are working. Two key measures improved notably: The U-6 rate, a broad measure of unemployment that includes discouraged workers and those involuntarily working part time, fell from 9.2% in December 2016 to 7.9% in October 2017. And, over the same period, the share of 25–54 year-olds at work rose to 78.8% from 78.2%. Not only are these measures improving, but they’re improving at the same rate or better than they were a year ago. Even after years of gains, the labor market recovery still has momentum.

What’s more, the labor market probably still has room to grow. Granted, the market looks very tight by some measures. The headline unemployment rate (U-3) is 4.1%, its lowest point since the end of 2000. There are nearly as many job openings as unemployed workers. Employers are laying off fewer workers today than in the early 2000s.

But other measures suggest there’s still slack. Several key measures of the labor market haven’t returned to their 2000 levels, including the broad U-6 unemployment rate, the share of people unemployed for more than six months, and the employment-to-population ratio among people of prime working age. These indicators stand in contrast to the measure that gets the most attention—the narrower headline unemployment rate, which doesn’t count people who are willing and able to work but aren’t looking. Thus, the headline rate probably overstates labor market tightness.

Wage trends also point to some remaining slack. Wage growth has averaged 2.6% year-over-year throughout 2017, similar to 2016 and ahead of the pace from 2010 to 2015, according to the Bureau of Labor Statistics (BLS) monthly jobs report.

Why haven’t wages risen even faster in 2017 as the unemployment rate has dropped? It’s partly a measurement issue. The measure of wage growth in the jobs report probably understates 2017 wage gains. The BLS releases an alternative measure of wages and benefits that accounts for changes in the job mix—and that indicator has accelerated in 2017. Furthermore, this alternative measure has historically tracked the employment-to-population ratio among prime-age workers closely. Today, this measure of wage growth is what we’d expect for the improving, but not gangbusters, prime-age employment-to-population ratio.

Thus, the headline unemployment rate probably overstates labor market tightness, while wage growth in the jobs report probably understates 2017 wage gains. That means, first, there may be more room for employment to expand. And, second, wage growth is neither quite as slow nor as puzzling as it initially appears.

Even better news: labor market gaps narrowed in 2017

By themselves, solid job expansion, falling unemployment and strengthening wage growth would be reason enough to cheer 2017. But there’s more—the greatest gains have gone to the people who needed them most. The least well-off and those hurt most by the recession typically saw larger employment and wage increases than others. Thus, labor market inequalities narrowed in 2017.

Let’s look first at industries. Over the past year, employment increased most in middle-wage industries, such as couriers and messengers, non-store retailers and homebuilding contractors. Middle-wage industries fared worst during the recession, losing more jobs than both higher- and lower-wage industries. Their newfound strength is a welcome rebound.

Strikingly, after losing jobs in 2016, manufacturing grew 1.3% in the past year, nearly the same pace as employment overall. In addition, wages rose most in lower-wage industries, as they have for several years. Wages in lower-wage industries were up 3.6% in September 2017 year-over-year versus 2.6% in middle-wage and 2.5% in higher-wage industries.

These trends translate to better conditions for people with fewer advantages in the labor market—including those with less education. Whatever the measure—unemployment, earnings or risk from automation—people with more education typically fare better in the labor market. But, over the past year, people with a high school degree or less have notched the biggest employment gains, whether measured by the unemployment rate or the employment-to-population ratio. This group has also had proportionally bigger wage gains than people with a bachelor’s or graduate degree.

Inevitably though, not every corner of the labor market is thriving. Job growth has been slower in the Northeast and Midwest than in the South and West. In fact, ten of the 103 largest metros lost jobs in the past year, including several in the Great Lakes region.

We find laggards not only by geography, but also by sector. Three sectors lost jobs in the past year. Employment in the information sector was dragged down by losses in motion pictures, broadcast outlets and telecoms. The retail sector overall lost jobs, particularly brick-and-mortar stores that directly face online competitors. At the same time, non-store retailers and related industries like couriers and warehouses gained.

The places and industries left behind are not our only labor market concerns. We’ve also got our eye on several big questions for next year.

What to watch, wonder and worry about in 2018

Let’s start with the too-much-of-a-good-thing worry. If the labor market tightens further—or if, as some argue, the market is already so tight that it has little room to grow—what challenges will we contend with? That leads to our first big question:

ONE: How will employers respond to a tightening labor market? Falling unemployment and rising wages for people with less education are drawing in job seekers and raising their expectations. On the Indeed site, searches for full-time work have increased, but not for part-time work. But good news for workers brings challenges for employers. Companies may have to raise wages, relax hiring requirements or invest more in on-the-job training, and they might struggle to fill part-time jobs. Tellingly, more job-seekers are searching using terms like “no background check” and “felony-friendly” jobs. And employers looking for technical workers might also face the additional challenge of future restrictions on immigration to the US and the rising interest of US tech workers in Canadian jobs.

Then there are longer-term concerns. We have big questions about why people remain out of work, whether labor market polarization will increase again and how people whose jobs disappear will manage.

TWO: Will fewer workers be sidelined by illness and disability? The share of prime-age adults who aren’t working because of illness or disability has risen from 2% in 1970 to over 5% today, and the percentages are much higher for adults with a high school degree or less. This long-term trend has worsened with the opioid crisis. Some in this category may never work again. But there is a glimmer of good news: Illness and disability is keeping fewer people out of work today than in 2015. The tightening labor market—especially for less-educated adults—may be lifting wages enough to lure some of these adults back to work.

THREE: Will labor market gaps start widening again? The narrowing of employment and wage gaps in 2017 might not last. Although middle-wage jobs grew fastest in the past year, polarization of the labor force could return. The latest BLS projections point to faster job growth in high-wage and low-wage jobs, with slower growth of middle-wage jobs and for people with a high school degree or less.

Plus, geographic gaps are likely to worsen. Job growth today is faster in larger metros than in smaller metros or rural areas. Future job growth will probably continue to lag in rural areas, where slower-growing occupations are concentrated. In contrast, the fastest-growing occupations are clustered in places like the San Francisco Bay Area, Boston, Washington DC, and other expensive coastal markets. In particular, higher-paying, cutting-edge tech jobs increasingly are concentrated in top tech hubs.

FOUR: How will workers manage painful disruptions? Hard as it may be to believe, there is less disruption and churn in the labor market today than in the early 2000s and much less than in the 1940s and 1950s. In fact, economists worry that there’s too little job-switching, business turnover and mobility, not too much. Still, for people whose jobs are being disrupted by automation or globalization, the pain is real. And it’s not just factory workers and farmers. Most of the jobs in shrinking occupations are now in service positions like secretaries and data-entry work. People in threatened occupations are looking at opportunities in new fields. On Indeed’s site, we see truckers checking out mining and heavy-equipment-operation jobs, while retail workers are clicking on customer service and sales-rep roles.

Those are some of the questions we’ll be looking at next year. Both the best news from 2017 and some of our top concerns for 2018 are about the distribution of labor market gains, not the overall growth rate. The labor market is entering 2018 with strength and momentum, and these longer-term challenges are moving—as they should be—into the foreground.

https://www.hiringlab.org/2017/12/05/2017-us-labor-market-outlook/

 

Employment Situation Summary

Transmission of material in this news release is embargoed until           USDL-18-0683
8:30 a.m. (EDT) Friday, May 4, 2018.

Technical information:
 Household data:     (202) 691-6378  *  cpsinfo@bls.gov  *  www.bls.gov/cps
 Establishment data: (202) 691-6555  *  cesinfo@bls.gov  *  www.bls.gov/ces

Media contact:      (202) 691-5902  *  PressOffice@bls.gov


                         THE EMPLOYMENT SITUATION -- APRIL 2018


Total nonfarm payroll employment increased by 164,000 in April, and the unemployment
rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today.
Job gains occurred in professional and business services, manufacturing, health care,
and mining.

Household Survey Data

In April, the unemployment rate edged down to 3.9 percent, following 6 months at 4.1
percent. The number of unemployed persons, at 6.3 million, also edged down over the
month. (See table A-1.)

Among the major worker groups, the unemployment rate for adult women decreased to
3.5 percent in April. The jobless rates for adult men (3.7 percent), teenagers
(12.9 percent), Whites (3.6 percent), Blacks (6.6 percent), Asians (2.8 percent),
and Hispanics (4.8 percent) showed little or no change over the month. (See
tables A-1, A-2, and A-3.)

Among the unemployed, the number of job losers and persons who completed temporary
jobs declined by 188,000 in April to 3.0 million. (See table A-11.)

The number of long-term unemployed (those jobless for 27 weeks or more) was little
changed at 1.3 million in April and accounted for 20.0 percent of the unemployed.
Over the year, the number of long-term unemployed was down by 340,000. (See
table A-12.)

Both the labor force participation rate, at 62.8 percent, and the employment-
population ratio, at 60.3 percent, changed little in April. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred
to as involuntary part-time workers) was essentially unchanged at 5.0 million in
April. These individuals, who would have preferred full-time employment, were
working part time because their hours had been reduced or because they were unable
to find full-time jobs. (See table A-8.)

In April, 1.4 million persons were marginally attached to the labor force, down
by 172,000 from a year earlier. (The data are not seasonally adjusted.) These
individuals were not in the labor force, wanted and were available for work, and
had looked for a job sometime in the prior 12 months. They were not counted as
unemployed because they had not searched for work in the 4 weeks preceding the
survey. (See table A-16.)

Among the marginally attached, there were 408,000 discouraged workers in April,
little changed from a year earlier. (The data are not seasonally adjusted.)
Discouraged workers are persons not currently looking for work because they
believe no jobs are available for them. The remaining 1.0 million persons 
marginally attached to the labor force in April had not searched for work for
reasons such as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment increased by 164,000 in April, compared with an
average monthly gain of 191,000 over the prior 12 months. In April, job gains
occurred in professional and business services, manufacturing, health care, and
mining. (See table B-1.)

In April, employment in professional and business services increased by 54,000. Over
the past 12 months, the industry has added 518,000 jobs.

Employment in manufacturing increased by 24,000 in April. Most of the gain was in
the durable goods component, with machinery adding 8,000 jobs and employment in
fabricated metal products continuing to trend up (+4,000). Manufacturing employment
has risen by 245,000 over the year, with about three-fourths of the growth in durable
goods industries.

Health care added 24,000 jobs in April and 305,000 jobs over the year. In April,
employment rose in ambulatory health care services (+17,000) and hospitals (+8,000).

In April, employment in mining increased by 8,000, with most of the gain occurring
in support activities for mining (+7,000). Since a recent low in October 2016,
employment in mining has risen by 86,000.

Employment changed little over the month in other major industries, including
construction, wholesale trade, retail trade, transportation and warehousing,
information, financial activities, leisure and hospitality, and government.

The average workweek for all employees on private nonfarm payrolls was unchanged at
34.5 hours in April. In manufacturing, the workweek increased by 0.2 hour to 41.1
hours, while overtime edged up by 0.1 hour to 3.7 hours. The average workweek for
production and nonsupervisory employees on private nonfarm payrolls increased by
0.1 hour to 33.8 hours. (See tables B-2 and B-7.)

In April, average hourly earnings for all employees on private nonfarm payrolls
rose by 4 cents to $26.84. Over the year, average hourly earnings have increased by
67 cents, or 2.6 percent. Average hourly earnings of private-sector production and
nonsupervisory employees increased by 5 cents to $22.51 in April. (See tables B-3
and B-8.)

The change in total nonfarm payroll employment for February was revised down from
+326,000 to +324,000, and the change for March was revised up from +103,000 to
+135,000. With these revisions, employment gains in February and March combined were
30,000 more than previously reported. (Monthly revisions result from additional
reports received from businesses and government agencies since the last published
estimates and from the recalculation of seasonal factors.) After revisions, job
gains have averaged 208,000 over the last 3 months.

_____________
The Employment Situation for May is scheduled to be released on Friday, June 1, 2018,
at 8:30 a.m. (EDT).


The PDF version of the news release

News release charts

Supplemental Files Table of Contents

Table of Contents

https://www.bls.gov/news.release/empsit.nr0.htm

Employment Situation Summary Table A. Household data, seasonally adjusted

HOUSEHOLD DATA
Summary table A. Household data, seasonally adjusted
[Numbers in thousands]
Category Apr.
2017
Feb.
2018
Mar.
2018
Apr.
2018
Change from:
Mar.
2018-
Apr.
2018

Employment status

Civilian noninstitutional population

254,588 256,934 257,097 257,272 175

Civilian labor force

160,181 161,921 161,763 161,527 -236

Participation rate

62.9 63.0 62.9 62.8 -0.1

Employed

153,161 155,215 155,178 155,181 3

Employment-population ratio

60.2 60.4 60.4 60.3 -0.1

Unemployed

7,021 6,706 6,585 6,346 -239

Unemployment rate

4.4 4.1 4.1 3.9 -0.2

Not in labor force

94,407 95,012 95,335 95,745 410

Unemployment rates

Total, 16 years and over

4.4 4.1 4.1 3.9 -0.2

Adult men (20 years and over)

3.9 3.7 3.7 3.7 0.0

Adult women (20 years and over)

4.1 3.8 3.7 3.5 -0.2

Teenagers (16 to 19 years)

14.7 14.4 13.5 12.9 -0.6

White

3.9 3.7 3.6 3.6 0.0

Black or African American

7.9 6.9 6.9 6.6 -0.3

Asian

3.2 2.9 3.1 2.8 -0.3

Hispanic or Latino ethnicity

5.2 4.9 5.1 4.8 -0.3

Total, 25 years and over

3.6 3.4 3.4 3.3 -0.1

Less than a high school diploma

6.5 5.7 5.5 5.9 0.4

High school graduates, no college

4.6 4.4 4.3 4.3 0.0

Some college or associate degree

3.7 3.5 3.6 3.5 -0.1

Bachelor’s degree and higher

2.4 2.3 2.2 2.1 -0.1

Reason for unemployment

Job losers and persons who completed temporary jobs

3,538 3,279 3,146 2,958 -188

Job leavers

785 780 864 815 -49

Reentrants

2,044 1,948 1,967 2,009 42

New entrants

707 704 625 623 -2

Duration of unemployment

Less than 5 weeks

2,300 2,508 2,287 2,115 -172

5 to 14 weeks

2,140 1,906 2,009 2,017 8

15 to 26 weeks

1,087 934 880 1,036 156

27 weeks and over

1,633 1,397 1,322 1,293 -29

Employed persons at work part time

Part time for economic reasons

5,309 5,160 5,019 4,985 -34

Slack work or business conditions

3,183 3,302 3,005 2,994 -11

Could only find part-time work

1,787 1,541 1,625 1,586 -39

Part time for noneconomic reasons

20,406 21,061 21,399 21,258 -141

Persons not in the labor force (not seasonally adjusted)

Marginally attached to the labor force

1,534 1,602 1,454 1,362

Discouraged workers

455 373 450 408

– Over-the-month changes are not displayed for not seasonally adjusted data.
NOTE: Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Detail for the seasonally adjusted data shown in this table will not necessarily add to totals because of the independent seasonal adjustment of the various series. Updated population controls are introduced annually with the release of January data.

 

Employment Situation Summary Table B. Establishment data, seasonally adjusted

ESTABLISHMENT DATA
Summary table B. Establishment data, seasonally adjusted
Category Apr.
2017
Feb.
2018
Mar.
2018(P)
Apr.
2018(P)

EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)

Total nonfarm

175 324 135 164

Total private

174 321 135 168

Goods-producing

16 107 20 49

Mining and logging

11 9 8 8

Construction

-5 67 -10 17

Manufacturing

10 31 22 24

Durable goods(1)

4 26 21 18

Motor vehicles and parts

-0.2 4.4 0.5 -0.9

Nondurable goods

6 5 1 6

Private service-providing

158 214 115 119

Wholesale trade

5.6 3.4 10.3 -9.8

Retail trade

-4.2 46.0 6.2 1.8

Transportation and warehousing

3.0 17.8 15.7 0.4

Utilities

-0.6 1.4 -0.3 1.0

Information

-11 -1 6 7

Financial activities

13 29 4 2

Professional and business services(1)

50 61 39 54

Temporary help services

5.5 22.2 -2.1 10.3

Education and health services(1)

46 32 24 31

Health care and social assistance

44.0 43.8 32.0 29.3

Leisure and hospitality

49 18 8 18

Other services

7 7 2 14

Government

1 3 0 -4

(3-month average change, in thousands)

Total nonfarm

149 225 212 208

Total private

149 228 215 208

WOMEN AND PRODUCTION AND NONSUPERVISORY EMPLOYEES
AS A PERCENT OF ALL EMPLOYEES(2)

Total nonfarm women employees

49.5 49.6 49.6 49.6

Total private women employees

48.1 48.2 48.2 48.2

Total private production and nonsupervisory employees

82.4 82.4 82.4 82.4

HOURS AND EARNINGS
ALL EMPLOYEES

Total private

Average weekly hours

34.4 34.5 34.5 34.5

Average hourly earnings

$26.17 $26.74 $26.80 $26.84

Average weekly earnings

$900.25 $922.53 $924.60 $925.98

Index of aggregate weekly hours (2007=100)(3)

106.9 108.9 109.1 109.2

Over-the-month percent change

0.4 0.6 0.2 0.1

Index of aggregate weekly payrolls (2007=100)(4)

133.8 139.3 139.7 140.1

Over-the-month percent change

0.7 0.7 0.3 0.3

DIFFUSION INDEX
(Over 1-month span)(5)

Total private (258 industries)

60.5 70.2 64.1 57.6

Manufacturing (76 industries)

54.6 72.4 64.5 53.9

Footnotes
(1) Includes other industries, not shown separately.
(2) Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries.
(3) The indexes of aggregate weekly hours are calculated by dividing the current month’s estimates of aggregate hours by the corresponding annual average aggregate hours.
(4) The indexes of aggregate weekly payrolls are calculated by dividing the current month’s estimates of aggregate weekly payrolls by the corresponding annual average aggregate weekly payrolls.
(5) Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment.
(P) Preliminary

NOTE: Data have been revised to reflect March 2017 benchmark levels and updated seasonal adjustment factors.

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