Posted on 05/08/2015 11:43:40 AM PDT by Lorianne
Employers added 223,000 positions last month, the Labor Department reported, and the unemployment rate decreased to 5.4 percent, a turnaround from the disappointing performance in March, initially reported as a modest 126,000 gain and then revised down on Friday to 85,000.
“We expected a rebound following the numbers in March and we got it, but not much more,” said Guy Berger, United States economist at RBS. “Wage growth is still the missing piece.”
Indeed, before Friday’s report, some economists were estimating that average hourly earnings might rise 0.2 percent or more in April, signaling an upswing from the slow pace of wage gains since the end of the recession.
But average hourly earnings rose only 0.1 percent in April, producing a 2.2 percent annual gain. That modest showing suggests that any meaningful wage gains for most workers are still delayed, despite the steadily falling unemployment rate.
(Excerpt) Read more at nytimes.com ...
They’ll be revised down to a level buried in chapter 27 of next month’s report.
When did sniffing glue come back in to vogue? It’s the only way to believe this garbage.
And on the other side, over 94 million Americans out of work and here 0bama is trying to get illegals jobs over blacks; even when he came out and said the reason for the B’more riots was about lack of jobs, etc.
5.4? What a bunch of ****ing liars.
You can’t sniff glue if your nose is stuck somewhere.
Well, then everything is great! Obama is a genius! And Baltimore protesters are victims of racism! And Geller deserves to die for angering those freedom loving muslims!
Got it.
We have reached the point where nothing the majority of government offices and bureaus say or transmit has any credibility, least of all the IRS and the Commerce Dept. Once a liar, always a liar. Never again can you be believed.
“In its report Friday, the government revised sharply down its estimate of March’s job gain to 85,000 from 126,000”
“The number of full-time workers, for example, fell in April while the number of part-timers jumped more than 400,000 to “27.7 million- a half-million more than a year ago.
The increase came from Americans who said they preferred part-time work, the report said. The number of part-timers who want full-time jobs declined 100,000 to 6.6 million. That’s still above pre-recession levels....
Add to this we have the highest number of non participants in the labor market
Americans Not In The Labor Force Rise To Record 93,194,000”
More people have used up their 99 weeks of unemployment so the jobless rate, as defined by the number of people on unemployment, has dropped from 5.7 to 5.4 percent.
In other news, the number of people on social security disability went up 0.3% in April as the people who ran out of their 99 weeks of unemployment insurance enrolled for Soc Sec Disability payments
Some days I feel like I am living in the old soviet union.
Unemployment rate is at -2.3%!!!
Yes but it's worth noting that millions of those jobs were lost in the first couple of years of the Obama Administration -- and millions dropped out of the labor force -- while destroying our health system was Number One priority.
See those data and much more federal economic data covering Obama and past administrations -- all in one table with links the the individual federal agencies' tables.
I hope to keep the data current through election 2016. See my replies at end for updates.
Yes graphs are best for a small number of variables. Rate and recessions.
But where's the rest of my table's 30+ categories? :)
Most don't like my "wall of numbers" I know but I think it's informative for a few of us.
In Phoenix last week my waitress lamented on her dealing with the economy. There are no full time jobs available, she said. Everything is part time. In the applicant rooms everyone is complaining about it.
How are they coming up with these great numbers if the job market sucks?
Welcome to Obama’s fundamental transformation.
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