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In reply to the discussion: Economy picked up 266,000 jobs in April, fewer than expected as economy tries to rebound [View all]mahatmakanejeeves
(57,370 posts)1. Good morning. From the source:
This is much lower than expected. I heard on KYW this morning that a million new jobs were expected.
Payroll employment rises by 266,000 in April; unemployment rate changes little at 6.1%
Economic News Release USDL-21-0816
Employment Situation Summary
Transmission of material in this news release is embargoed until 8:30 a.m. (ET) Friday, May 7, 2021
Technical information:
Household data: cpsinfo@bls.gov * www.bls.gov/cps
Establishment data: cesinfo@bls.gov * www.bls.gov/ces
Media contact: (202) 691-5902 * PressOffice@bls.gov
THE EMPLOYMENT SITUATION -- APRIL 2021
Total nonfarm payroll employment rose by 266,000 in April, and the unemployment rate was little changed at 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains in leisure and hospitality, other services, and local government education were partially offset by employment declines in temporary help services and in couriers and messengers.
This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.
Household Survey Data
Both the unemployment rate, at 6.1 percent, and the number of unemployed persons, at 9.8 million, were little changed in April. These measures are down considerably from their recent highs in April 2020 but remain well above their levels prior to the coronavirus (COVID-19) pandemic (3.5 percent and 5.7 million, respectively, in February 2020). (See table A-1. See the box note at the end of this news release for more information about how the household survey and its measures were affected by the coronavirus pandemic.)
{snip}
Among the unemployed, the number of persons on temporary layoff, at 2.1 million, changed little in April. This measure is down considerably from the recent high of 18.0 million in April 2020 but is 1.4 million higher than in February 2020. The number of permanent job losers, at 3.5 million, was also little changed over the month but is 2.2 million higher than in February 2020. (See table A-11.)
{snip}
The labor force participation rate was little changed at 61.7 percent in April and is 1.6 percentage points lower than in February 2020. The employment-population ratio was also little changed in April at 57.9 percent but is up by 0.5 percentage point since December 2020. However, this measure is 3.2 percentage points below its February 2020 level. (See table A-1.)
{snip}
Household Survey Supplemental Data
In April, 18.3 percent of employed persons teleworked because of the coronavirus pandemic, down from 21.0 percent in the prior month. These data refer to employed persons who teleworked or worked at home for pay at some point in the last 4 weeks specifically because of the pandemic.
In April, 9.4 million persons reported that they had been unable to work because their employer closed or lost business due to the pandemic--that is, they did not work at all or worked fewer hours at some point in the last 4 weeks due to the pandemic. This measure is down from 11.4 million in the previous month. Among those who reported in April that they were unable to work because of pandemic-related closures or lost business, 9.3 percent received at least some pay from their employer for the hours not worked, little changed from the previous month.
{snip}
Establishment Survey Data
Total nonfarm payroll employment increased by 266,000 in April, following increases of 770,000 in March and 536,000 in February. In April, nonfarm employment is down by 8.2 million, or 5.4 percent, from its pre-pandemic level in February 2020. In April, notable job gains in leisure and hospitality, other services, and local government education were partially offset by losses in temporary help services and in couriers and messengers. (See table B-1. See the box note at the end of this news release for more information about how the establishment survey and its measures were affected by the coronavirus pandemic.)
{snip}
In April, average hourly earnings for all employees on private nonfarm payrolls increased by 21 cents to $30.17, following a decline of 4 cents in the prior month. In April, average hourly earnings for private-sector production and nonsupervisory employees rose by 20 cents to $25.45. The data for April suggest that the rising demand for labor associated with the recovery from the pandemic may have put upward pressure on wages. Since average hourly earnings vary widely across industries, the large employment fluctuations since February 2020 complicate the analysis of recent trends in average hourly earnings. (See tables B-3 and B-8.)
{snip}
The change in total nonfarm payroll employment for February was revised up by 68,000, from +468,000 to +536,000, and the change for March was revised down by 146,000, from +916,000 to +770,000. With these revisions, employment in February and March combined is 78,000 lower 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.)
_____________
The Employment Situation for May is scheduled to be released on Friday, June 4, 2021, at 8:30 a.m. (ET).
Employment Situation Summary
Transmission of material in this news release is embargoed until 8:30 a.m. (ET) Friday, May 7, 2021
Technical information:
Household data: cpsinfo@bls.gov * www.bls.gov/cps
Establishment data: cesinfo@bls.gov * www.bls.gov/ces
Media contact: (202) 691-5902 * PressOffice@bls.gov
THE EMPLOYMENT SITUATION -- APRIL 2021
Total nonfarm payroll employment rose by 266,000 in April, and the unemployment rate was little changed at 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains in leisure and hospitality, other services, and local government education were partially offset by employment declines in temporary help services and in couriers and messengers.
This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.
Household Survey Data
Both the unemployment rate, at 6.1 percent, and the number of unemployed persons, at 9.8 million, were little changed in April. These measures are down considerably from their recent highs in April 2020 but remain well above their levels prior to the coronavirus (COVID-19) pandemic (3.5 percent and 5.7 million, respectively, in February 2020). (See table A-1. See the box note at the end of this news release for more information about how the household survey and its measures were affected by the coronavirus pandemic.)
{snip}
Among the unemployed, the number of persons on temporary layoff, at 2.1 million, changed little in April. This measure is down considerably from the recent high of 18.0 million in April 2020 but is 1.4 million higher than in February 2020. The number of permanent job losers, at 3.5 million, was also little changed over the month but is 2.2 million higher than in February 2020. (See table A-11.)
{snip}
The labor force participation rate was little changed at 61.7 percent in April and is 1.6 percentage points lower than in February 2020. The employment-population ratio was also little changed in April at 57.9 percent but is up by 0.5 percentage point since December 2020. However, this measure is 3.2 percentage points below its February 2020 level. (See table A-1.)
{snip}
Household Survey Supplemental Data
In April, 18.3 percent of employed persons teleworked because of the coronavirus pandemic, down from 21.0 percent in the prior month. These data refer to employed persons who teleworked or worked at home for pay at some point in the last 4 weeks specifically because of the pandemic.
In April, 9.4 million persons reported that they had been unable to work because their employer closed or lost business due to the pandemic--that is, they did not work at all or worked fewer hours at some point in the last 4 weeks due to the pandemic. This measure is down from 11.4 million in the previous month. Among those who reported in April that they were unable to work because of pandemic-related closures or lost business, 9.3 percent received at least some pay from their employer for the hours not worked, little changed from the previous month.
{snip}
Establishment Survey Data
Total nonfarm payroll employment increased by 266,000 in April, following increases of 770,000 in March and 536,000 in February. In April, nonfarm employment is down by 8.2 million, or 5.4 percent, from its pre-pandemic level in February 2020. In April, notable job gains in leisure and hospitality, other services, and local government education were partially offset by losses in temporary help services and in couriers and messengers. (See table B-1. See the box note at the end of this news release for more information about how the establishment survey and its measures were affected by the coronavirus pandemic.)
{snip}
In April, average hourly earnings for all employees on private nonfarm payrolls increased by 21 cents to $30.17, following a decline of 4 cents in the prior month. In April, average hourly earnings for private-sector production and nonsupervisory employees rose by 20 cents to $25.45. The data for April suggest that the rising demand for labor associated with the recovery from the pandemic may have put upward pressure on wages. Since average hourly earnings vary widely across industries, the large employment fluctuations since February 2020 complicate the analysis of recent trends in average hourly earnings. (See tables B-3 and B-8.)
{snip}
The change in total nonfarm payroll employment for February was revised up by 68,000, from +468,000 to +536,000, and the change for March was revised down by 146,000, from +916,000 to +770,000. With these revisions, employment in February and March combined is 78,000 lower 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.)
_____________
The Employment Situation for May is scheduled to be released on Friday, June 4, 2021, at 8:30 a.m. (ET).
* * * * *
[center]Facilities for Sensory Impaired[/center]
Information from these releases will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.
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Economy picked up 266,000 jobs in April, fewer than expected as economy tries to rebound [View all]
BumRushDaShow
May 2021
OP
We'll have to see if and how this gets revised in the next couple months...
BumRushDaShow
May 2021
#5
watch republicans use this to say they do not need to extend unemployment benefits saying that
JohnSJ
May 2021
#3
I already saw an interview on CNN saying pretty much what you're saying. But I'm sure May....
George II
May 2021
#12
There are so many variables involved George. Just the fact that a lot of areas are still not fully
JohnSJ
May 2021
#17
That's what I pointed out elsewhere - it's only a 4-week period. There could have been a spike....
George II
May 2021
#19
There was some job growth, and things don't switch immediately. It takes a little time
JohnSJ
May 2021
#18
Yes I agree. Another factor may be that some businesses are changing the way they operate
drray23
May 2021
#27
Norwegian Line, the 3rd biggest, says they'll pull out of Florida if they can't demand that 100%....
George II
May 2021
#13
It's sad that we measure the economy and jobs outlook in short periods of time and some...
George II
May 2021
#9
Despite the extreme pimping the media is doing for their advertisers, customers are still leery.
PSPS
May 2021
#14
I just saw a blip where Biden is supposed to address (happening right now)
BumRushDaShow
May 2021
#23
They sure don't teach a lot these days, and it ain't the teacher's fault. n/t
OneCrazyDiamond
May 2021
#26
BLS Report: Unemployment rate for the foreign born increases to 9.2% in 2020
mahatmakanejeeves
May 2021
#28
TED: The Economics Daily. U-3 was 6.1 percent, U-6 was 10.4 percent, in April 2021
mahatmakanejeeves
May 2021
#29