• About WordPress
    • WordPress.org
    • Documentation
    • Learn WordPress
    • Support
    • Feedback
  • Log In
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Home
  • Contact us
  • Related Sites
    • InflationData.com
    • Financial Trend Forecaster
    • Your Family Finances
    • Elliott Wave University
    • Optio Money
  • About
    • Terms of Use
    • Disclaimer & Disclosure
    • Privacy Statement
  • Sitemap
    • 2009-2010 Posts
    • 2011 Posts

UnemploymentData.com

Your Source for Employment and Unemployment Data

Unemployment
  • Charts
    • Current Unemployment Rate Chart
    • Current Employment Rate (Chart and Data)
    • Current Employment vs Unemployment Chart
    • Historical Employment Data
    • Employment Population Ratio
    • Misery Index
  • Unemployment
    • Historical Unemployment Rate Tables
    • What Is U-6 Unemployment?
    • Unadjusted vs. Seasonally Adjusted U-3 Unemployment Rate
    • BLS vs. Gallup Unemployment Numbers
    • Current U-6 Unemployment Rate
    • What is the Labor Force Participation Rate?
    • What is the Real Unemployment Rate?
  • Employment
    • Current Employment Rate (Chart and Data)
    • Historical Employment Data
    • Contacting a Live Person at the State Employment Commission
      • How to Talk to a Live Person at the Virginia Unemployment Commission
      • Florida’s FLUID Unemployment Program
    • Benefits
      • Insurance
      • Retirement
    • Careers
    • Employment Costs
    • Experience
    • Government
    • Job Hunting
      • Interview
      • Resume
  • Find Articles
  • Education
    • Skills
  • General
    • Small Business
      • Outsourcing
    • Success
You are here: Home / Archives for Jos

Jos

April Unemployment Holds Steady

May 7, 2022 by Tim McMahon

April 2022 Employment — Bureau of Labor Statistics (BLS) Jobs Report

Adj U3 Icon 3-6 flat

  • Adjusted U-3 was Unchanged at 3.6%
  • Unadjusted U-3 was Down from 3.8% to 3.3%
  • Unadjusted U-6 was Down from 7.1% to 6.6%
  • Labor Force Participation Down from 62.4% to 62.2%
  • Unadjusted Employment rose from 149. 912 to 150.938 million

According to the Commissioner of the U.S. Bureau of Labor Statistics:

“Nonfarm payroll employment increased by 428,000 in April, and the unemployment rate was unchanged at 3.6 percent. Job growth was widespread, led by gains in leisure and hospitality, in manufacturing, and in transportation and warehousing.

      Nonfarm employment is down by 1.2 million, or 0.8 percent, from its February 2020 level before the onset of the coronavirus (COVID-19) pandemic.

      In April, employment growth continued in leisure and hospitality (+78,000), with gains in food services and drinking places (+44,000) and accommodation (+22,000). Employment in leisure and hospitality is down by 1.4 million, or 8.5 percent, from its February 2020 level.”

As usual, they are talking about “Seasonally Adjusted Jobs” from the “Household Survey” rather than looking at the results reported by actual companies in the BLS “Establishment Survey”

Looking at the Establishment Survey report we see…
Originally the BLS reported employment of 149.938 million for March which they adjusted to 149.912 million. So 26,000 jobs disappeared for March. They are reporting 150.938 million jobs for April which is actually an increase of exactly 1,000,000 jobs based on their original estimates or an increase of 1,026,000 based on their updated numbers. 

According to Jeffrey Tucker at Gilder’s Daily Prophecy  “The jobs report this morning didn’t look half bad on the surface… The trouble was in the footnotes: The U.S. labor force shrank by 363,000 people in April from a month earlier… The labor force participation rate… ticked down to 62.2% in April from 62.4% in March.

So the dropout economy is getting worse, not better, rendering these unemployment numbers rather pointless… Women with kids have dropped out and child care is too expensive. Many men just moved home to mom and dad and are happy to live off savings and look forward to going into debt. Plus, the demoralization of the workforce after lockdowns has drained American ambition… In addition, wage growth is slowing, a fact which might cheer the Fed, but is bad news for workers because it means the purchasing power of their wages will fall further, after having endured a devastating hit over the last six months.

A former Fed official went public with a very obvious statement, namely that the federal funds rate needs to be 3.5% in order to even begin to make a dent in inflation.
How does Richard Clarida know this? It’s not rocket science: short-term rates need to be positive in real terms rather than negative. That means 3.5%, yes, but more likely double or triple that. The Fed simply won’t go there. The Fed’s theory is that it can put out the house fire by carefully spraying a bit of water here and there in a way that doesn’t cause shock and alarm.”

[Read more…] about April Unemployment Holds Steady

Filed Under: BLS Tagged With: BLS, employment, Jos, Report, unemployment

Primary Sidebar

Search Site

Sponsored:

URGENT: These Stocks Stand Poised to Benefit from President Trump's Trade Wars!

As the Trump administration moves ahead with aggressive tariff policies on key imports, the mainstream media is scrambling.

This Free Report - which you can download now - reveals the names and ticker symbols of 5 Stock Poised to Benefit Most from President Trump's Tariff Wars.

Click Here to Download Your FREE Stock Report Now.

Recent Posts

  • April 2025 Employment / Unemployment Report
  • Would More Jobs Help Social Security?
  • March 2025- Employment / Unemployment Report
  • February 2025 Jobs Report
  • January 2025 BLS Employment Report

Resources

  • Bureau of Labor Statistics Current Population Survey Monthly survey of households conducted by the Bureau of Census for BLS. It provides data on the labor force, employment, unemployment, etc.
  • Capital Professional Services Providing web design and development and Internet marketing services
  • Elliott Wave University Using the Elliott Wave Principle to improve investment performance
  • Financial Trend Forecaster Featuring Moore Inflation Predictor, NYSE Rate of Change and NASDAQ Rate of change
  • InflationData.com Inflation calculators, databases, etc.
  • Intergalactic Web Designers Web design and development services
  • Your Family Finances

Articles by Category

Articles by Date

Disclaimer

At UnemploymentData.com we are not registered investment advisors and do not provide any individualized advice. Past performance is not necessarily indicative of future performance and future accuracy and profitable results cannot be guaranteed.

Privacy & Terms of Use

Privacy Statement & Terms of Use

Do Not Sell My Information

Copyright © 2025 · News Pro on Capital Professional Services, LLC. All rights reserved · Log in