The Unemployment Situation – April 2018

FUN_Unemployment_April18

The month of April sees the total nonfarm payroll employment in the United States increased by 164,000. But the biggest update in the month of April is the unemployment rate edging down to 3.9 percent. This update comes after six months of being static at 4.1%. In terms of employment, jobs gains had occurred in the professional and business services, manufacturing, healthcare, and mining industries.

In April, the unemployment rate marked down to 3.9%, following 6 months of being constantly marked at 4.1%. The number of people unemployed in the united states, locked at 6.3 million also edged down over the month.

Based on household survey data provided by the Bureau of Labour Statistics, the unemployment rate for adult women decreased to 3.5% in April. In terms of the jobless rates of other demographics adult men remained at 3.7%  and teenagers at 12.9%. Whites remained at 3.6%, Blacks at 6.6%, Asians at 2.8% and Hispanics at 4.8%. Most of the demographics showed little to no change over the month of April.

FUN_ Unemployment rate Apr 18

Among the unemployed people, the number of job losers and people who completed temporary jobs has declined by 188,000 in the month of April to the total of 3 million. In terms of the long-term unemployed ( people who have been unemployed for 27 weeks or more). There was little change at 1.3 million. In the month of April, the long-term unemployed accounted for 20% of the total unemployed. Over the year, the number of long-term unemployed was down by 340,000.

The number of persons employed part time for economic reasons (sometimes referred
to as involuntary part-time workers) was essentially unchanged at 5.0 million in
April. These individuals, who would have preferred full-time employment, were
working part time because their hours had been reduced or because they were unable
to find full-time jobs.

Establishment Unemployment Survey Data

Unemployment Non Farm Apr 18


As explained above the Total nonfarm payroll employment increased by 164,000 in April, compared to an average monthly gain of 191,000 over the past one year. In April, job gains
occurred in professional and business services, manufacturing, healthcare, and
mining.

In April, employment in professional and business services increased by 54,000. Over
the past 12 months, the industry has added 518,000 jobs.

Employment in manufacturing increased by 24,000 in April. Most of the gain was in
the durable goods industry, with machinery adding 8,000 jobs and employment in
fabricated metal products continuing to trend up (+4,000). Employment in Manufacturing
has risen by 245,000 over the year, with about three-fourths of the growth in durable
goods industries.

The Healthcare industry added 24,000 jobs in April and 305,000 jobs over the year. In April,
employment rose in ambulatory health care services (+17,000) and hospitals (+8,000).

In April, employment in mining increased by 8,000, with most of the gain occurring
in support activities for mining (+7,000). Since a recent low in October 2016,
employment in mining has risen by 86,000.

Employment changed little over the month in other major industries, including
construction, wholesale trade, retail trade, transportation, and warehousing,
information, financial activities, leisure and hospitality, and government.

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