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Posted on 05/02/2025 7:17:16 AM PDT by Redmen4ever
Total nonfarm payroll employment increased by 177,000 in April, and the unemployment rate was unchanged at 4.2 percent . . .
(Excerpt) Read more at bls.gov ...
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4.2% is good.
Anything under 5% was essentially considered “full employment”, a few years ago.
“4.2% is good.
Anything under 5% was essentially considered “full employment”, a few years ago.”
Yes. For a long time, full employment was pegged at 4.0%. But people are much more mobile and switch jobs more often now as they chase opportunities. 30 years at the same desk ending with a gold watch is long gone.
Not only are these not government jobs which were used to inflate numbers in the previous administration, it’s a gain even though the government has been laying off .
What was that report a few days ago that said there were only 66,000 jobs created?
ADP report. And that number was only for private sector jobs.
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