U.S. ADDED 177K JOBS IN APRIL AS HIRING REMAINS STEADY
Key Points:
Total nonfarm payroll employment rose by 177,000 in April and the unemployment rate was unchanged at 4.2%.
Consensus was a gain of 130,000 jobs.
The change in total nonfarm payroll employment for February was revised down by 15,000, from +117,000 to +102,000, and 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.
Healthcare added 51,000 jobs in April, transportation and warehousing increased by 29,000, financial activities employment rose by 14,000, and social assistance added 8,000 jobs.
Federal government employment fell by 9,000 in April.
In April, average hourly earnings for all employees on private nonfarm payrolls rose by $0.06 to $36.06.
The average workweek for all private employees was unchanged at 34.3 hours in April.
The labor force participation rate changed little over the month at 62.6%.
The Right Facts will continue to monitor employment.