Bureau of Labor statistics
Friday, May 2, 2008.
THE EMPLOYMENT SITUATION: APRIL 2008
Nonfarm payroll employment was little changed in
April (-20,000), following job losses that totaled
240,000 in the first 3 months of the year, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today.
The unem-ployment rate, at 5.0 percent, also was little
changed in April. Employment continued to decline in construction,
manufacturing, and retail trade, while jobs were added in health
care and in professional and technical services.
Total Employment and the Labor Force (Household Survey Data)
Both total employment, at 146.3 million, and the
employment-population ratio, at 62.7 percent, were little
changed in April. Over the month, the labor force
participation rate held at 66.0 percent; it was the same
rate a year earlier.
In April, the number of persons working part time for
economic reasons increased by 306,000 to 5.2 million.
This level was 849,000 higher than in April 2007. These individuals
indicated that they were working part time because their hours
had been cut back or because they were unable to find a
full-time job.
Persons Not in the Labor Force (Household Survey Data)
About 1.4 million persons (not seasonally adjusted) were marginally attached to the labor force in April. These
individuals 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 pre-ceding the survey. Among the marginally
attached, there were 412,000 discouraged workers in April,
about the same as a year earlier. Discouraged workers were not
currently looking for work specifically because they believed
no jobs were available for them. The other 1.0 million persons
classified as marginally attached to the labor force in April
cited reasons such as school attendance or family
responsibilities.
Be INFORMED
Wednesday, May 14, 2008
Employment Facts For April 2008
Posted by Micheal_d at 7:47 PM
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