U.S. APRIL PAYROLLS RISE 115,000, JOBLESS RATE FALLS TO 8.1%
The BIG SUCK!
63.6% participation rate.....

QE3. Rally on.

March NFP revised from 120K to 154K.

BLS Release:

http://bls.gov/news.release/empsit.nr0.h....

      

                   THE EMPLOYMENT SITUATION -- APRIL 2012


Nonfarm payroll employment rose by 115,000 in April, and the unemployment
rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics
reported today. Employment increased in professional and business services,
retail trade, and health care, but declined in transportation and warehousing.

Household Survey Data

Both the number of unemployed persons (12.5 million) and the unemployment
rate (8.1 percent) changed little in April. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men 
(7.5 percent), adult women (7.4 percent), teenagers (24.9 percent), whites
(7.4 percent), and Hispanics (10.3 percent) showed little or no change in
April, while the rate for blacks (13.0 percent) declined over the month.
The jobless rate for Asians was 5.2 percent in April (not seasonally
adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks and over)
was little changed at 5.1 million in April. These individuals made up 41.3
percent of the unemployed. Over the year, the number of long-term unemployed
has fallen by 759,000. (See table A-12.)

The civilian labor force participation rate declined in April to 63.6 percent,
while the employment-population ratio, at 58.4 percent, changed little.
(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 in
April at 7.9 million. These individuals were working part time because their
hours had been cut back or because they were unable to find a full-time job.
(See table A-8.)

In April, 2.4 million persons were marginally attached to the labor force,
essentially unchanged 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 968,000 discouraged workers in April,
about the same as 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 1.4 million persons
marginally attached to the labor force in April had not searched for work
in the 4 weeks preceding the survey for reasons such as school attendance
or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment rose by 115,000 in April. This increase 
followed a gain of 154,000 in March and gains averaging 252,000 per month
for December to February. In April, employment rose in professional and
business services, retail trade, and health care. Transportation and
warehousing lost jobs over the month. (See table B-1.)

Employment in professional and business services increased by 62,000 in
April. Since a recent low point in September 2009, employment in this
industry has grown by 1.5 million. In April, employment in temporary help
services edged up by 21,000. Employment grew in architectural and
engineering services (+7,000) and in computer systems design and related
services (+7,000).

Retail trade employment rose by 29,000 over the month. General merchandise
stores added 21,000 jobs in April but has shown no definitive trend in recent
months. Employment in building material and garden supply stores continued to
trend up; the industry has added 19,000 jobs since December.

Health care continued to add jobs (+19,000) in April. Within the industry,
employment in ambulatory health care services, which includes home health care
and offices of physicians, rose by 15,000.

Within leisure and hospitality, employment in food services and drinking
places continued to trend up (+20,000) in April. Since February 2010, food
services and drinking places has added 576,000 jobs.

Manufacturing employment continued to trend up (+16,000) in April, with
job growth in fabricated metal products (+6,000) and machinery (+5,000).
Since its most recent employment low in January 2010, manufacturing has
added 489,000 jobs, largely in durable goods manufacturing.

Transportation and warehousing lost 17,000 jobs in April, with employment
declines in transit and ground passenger transportation (-11,000) and in
couriers and messengers (-7,000).

Employment in other major industries, including mining and logging, construction,
wholesale trade, information, financial activities, and government changed
little in April.

The average workweek for all employees on private nonfarm payrolls was unchanged
at 34.5 hours in April. The manufacturing workweek edged up by 0.1 hour to
40.8 hours, and factory overtime rose by 0.1 hour to 3.4 hours. The average
workweek for production and nonsupervisory employees on private nonfarm payrolls
was unchanged at 33.8 hours. (See tables B-2 and B-7.)

In April, average hourly earnings for all employees on private nonfarm payrolls
rose by 1 cent to $23.38. Over the past 12 months, average hourly earnings have
increased by 1.8 percent. In April, average hourly earnings of private-sector
production and nonsupervisory employees rose by 3 cents to $19.72.
(See tables B-3 and B-8.)

The change in total nonfarm payroll employment for February was revised from
+240,000 to +259,000, and the change for March was revised from +120,000 to
+154,000.

Not in labor force +522K!

Now if we could just get the rest of the unemployed to give up, we could get that U3 number down to almost nothin'.

Net Birth/Death Adjustment: +206K.

http://www.bls.gov/web/empsit/cesbd.htm

Birth Death was really plus 206k?! Without that....

Apparently, from at BBTV headline, the Fed has been prompted into releasing a statement indicating that it is firmly committed to full employment and price stability.

Oh, Ben! Too much, too little, too late to ever try again. :)

I'm firmly committed to having my cake and eat it too.

Industry overseas so are the jobs in car washing and rest homes? Do they really expect us to believe these lies ? Believe the LIES or it is all your fault the econ goes down and the DEBT ?

How long before a shipping container packed full of Americans "looking for a better life" are found dead on the docks of some Chinese port.