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Posted on 05/02/2025 5:39:15 AM PDT by ChicagoConservative27
Employers in the United States added 177,000 workers to their payrolls in April, the Department of Labor said Friday, and the unemployment rate was unchanged at 4.2 percent, defying predictions of labor market sluggishness following President Trump’s announcement of tariffs.
Economists had been expecting 130,000 jobs and an unemployment rate unchanged at 4.2 percent. The prior month’s jobs figure was revised down to 185,000 from 228,000
(Excerpt) Read more at breitbart.com ...
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Yup, Biden’s economy was supposed by hot air.
importantl the creation of jobs is now in the private sector as DJT privatizes the economy. most of Joe’s jobs were in gov’t and are now gradually shrinking. good news all around.
Dems will double down with their Hatemongering.
Remember when we had Bidens two consecutive quarters of negative growth, 2022 (Q1 & Q2) and tptb changed the rules?
I sure do
unexpected.
Anybody with half a brain knows that all Trump’s deregulation will lead to many more private sector jobs and fewer government jobs which is a double win for the economy. Throw in the tax cuts and the export of illegals, and the increase in US investment and this economy will be screaming by the end of the year.
I honestly think Trump is going to try and outgrow the debt. He wants to leave office with a 50 trillion $ GDP.
Of course they won’t, so problem solved.
With all the Fed Gov FIRINGS, this must mean private sector employment is booming.
Yet the Deep State claims we are in a recession? Was someone cooking the books?
Biden strategy to keep US afloat was by adding useless guverment and “green” jobs, adding to the deficit, and selling US petroleum reserve.
US needs re-structuring, and that’s what is going on right now.
“Yup, Biden’s economy was supposed by hot air.”
IMHO his economy was spending taxpayer money on anything and everything. These statistics show that Trump is reining in the government spending.
Yes sir! Makes one wounder who was really running Biden’s economy, liken to AutoPen.
Freepers should really read past the headlines here.
March 2025 was revised downward. So was February.
Let’s remember all the Freepers during the Biden residency who said, “The numbers will be revised downward later on.”
That’s what happened this time, with President Trump running the show.
From the BLS report:
*********
The change in total nonfarm payroll employment for February was revised down by 15,000, from +117,000 to +102,000.
The change for March was revised down by 43,000, from +228,000 to +185,000.
With these revisions, employment in February and March combined is 58,000 lower than previously reported.
**********
Nevertheless, hiring remains robust, so we should take these wins when they arrive. This is a win.
The USA job market is stronger than the Wall Street globalists predicted.
Private sector jobs: +167K
Govt. jobs: +10K
Yes.
And finally, for people who prefer sanity (which excludes a disturbingly high number Freepers)
here again is the assessment by conservative economist Brian Wesbury
First Trust
Data Watch
Nonfarm Payrolls Increased 177,000 in April
To view this article, Click Here.
Brian S. Wesbury, Chief Economist
Robert Stein, Deputy Chief Economist
Date: 5/2/2025
Nonfarm payrolls increased 177,000 in April, beating the consensus expected 138,000. Payroll gains for February and March were revised down by a total of 58,000, resulting in a net gain, including revisions, of 119,000.
Private sector payrolls rose 167,000 in April but were revised down by 48,000 in prior months. The largest gain in April was education and health services (70,000). Manufacturing fell 1,000 while government increased 10,000.
The unemployment rate remained unchanged at 4.2% in April.
Average hourly earnings – cash earnings, excluding irregular bonuses/commissions and fringe benefits – rose 0.2% in April and are up 3.8% versus a year ago. Aggregate hours increased 0.1% in April and are up 1.5% from a year ago.
Implications: The labor market continued to perform better than expected following “Liberation Day” tariffs, adding more jobs than even the most optimistic forecast by any economics group surveyed by Bloomberg.
Nonfarm payrolls grew 177,000 for the month, and even after factoring in large downward revisions to prior months rose 138,000, which matched consensus expectations.
A large part of the gain came from education and health services, up 70,000.
Meanwhile, jobs at restaurants & bars rose 24,000.
We like to follow payrolls excluding three sectors: government, education & health services, and leisure & hospitality, all of which are heavily influenced by government spending and regulation (that includes COVID lockdowns and re-openings for leisure & hospitality).
In what is probably the best news for April, this “core” measure of jobs rose 73,000, beating the 37,000 monthly average in the past year.
Notably, jobs in the manufacturing sector (which is most affected by tariffs) declined by 1,000 in April.
However, manufacturing employment was also revised up by 2,000 in April and is up 5,000 since the beginning of 2025.
Meanwhile, civilian employment, an alternative measure of jobs that includes small-business start-ups increased 436,000.
Given these job increases, why did the unemployment rate remain unchanged at 4.2% in April?
Because the labor force (people who are either working or looking for work), rose 518,000.
Other details in today’s report suggested moderate economic growth through April, but reasons for the Federal Reserve to be cautious about cutting short-term interest rates.
Total hours worked increased 0.1% in April and are up 1.5% in the past year.
Add that gain in hours worked to the trend growth rate in productivity (output per hour) of 1.8% per year in the past decade and we are seeing above 3% economic growth.
Meanwhile, average hourly earnings rose 0.2% in April and are up 3.8% in the past year, still higher than the 3.5% we think the Fed would like to see.
Finally, it looks like DOGE continued to make progress in reducing federal government payrolls in April, with jobs falling 9,000.
Over the past three months federal employment has dropped by 26,000 (the most outside of the COVID pandemic since the 2013 budget sequestration), and the BLS points out that employees on paid leave or receiving severance aren’t included in these declines.
Given the Trump Administration’s goal of reducing the federal workforce, we expect more of this in the months ahead, potentially much more.
That may cause some short-term pain for the US economy, but we expect long-term gains from reducing the size and scope of the federal government, including more jobs gains in the private sector.
In other recent news, cars and light trucks were sold at a 17.3 million annual rate in April, down 3.1% from March but up 7.8% from a year ago, but was likely affected by buyers front running tariffs.
How many went to legal US citizens? Wages are still way down.
so-called “experts” exposed once again as mere propagandists for the hard left ... good economic news guaranteed to be ignored by the Democrat propaganda media ...
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