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.