Tag Archives: April jobs report

April jobs report: strong Establishment survey, very weak Household survey (UPDATED)  I got a late start on this report today (May 6). I’ll add much more detail shortly, but for now, be advised in summary that while the establishment report was strong, with mainly positive internals, the household report was very weak, with some very weak, albeit mainly still positive, internals. To be continued . . .  ——-UPDATE:Just as one month ago, I was...

Further considerations on the disappointing April jobs report. Consider the averages! I’ve been threatening for a couple of weeks to run some extended comments on the big miss in the April jobs report. As there’s no economic news of note today, here goes . . . . 1. It’s possible March was the outlier rather than April. The original report for March was that 916,000 jobs were added. In this month’s report it was revised down to 770,000....

April jobs report: well, that was a big miss …. but look at the composition HEADLINES: +266,000 million jobs added: 218,000 private sector plus 48,000 government. The alternate, and more volatile measure in the household report indicated a gain of 328,000 jobs, which factors into the unemployment and underemployment rates below.U3 unemployment rate rose 0.1% to 6.1%, compared with the January 2020 low of 3.5%.U6 underemployment rate declined...