Sunday, August 9, 2009

What is the unemployment rate of North America?

Nonfarm payroll employment edged up (+88,000) in April, and the unemployment



rate was essentially unchanged at 4.5 percent, the Bureau of Labor Statistics of



the U.S. Department of Labor reported today. Job gains continued in several



service-providing industries, including health care and food services, while



employment declined in retail trade and manufacturing.



Unemployment (Household Survey Data)



The number of unemployed persons (6.8 million) and the unemployment rate (4.5



percent) were essentially unchanged in April. The jobless rate has ranged from



4.4 to 4.6 percent since September 2006. (See table A-1.)



Over the month, the jobless rates for the major worker groups--adult men (4.0



percent), adult women (3.8 percent), teenagers (15.3 percent), whites (3.9 percent),



blacks (8.2 percent), and Hispanics (5.4 percent)--showed little or no change. The



unemployment rate for Asians was 3.3 percent, not seasonally adjusted. (See tables



A-2 and A-3.)



Total Employment and the Labor Force (Household Survey Data)



In April, total employment and the employment-population ratio fell to 145.8



million and 63.0 percent, respectively. The civilian labor force also fell over



the month, to 152.6 million, and the labor force participation rate declined to



66.0 percent. The labor force participation rate was little changed over the



year. (See table A-1.)



Persons Not in the Labor Force (Household Survey Data)



In April, 1.4 million persons (not seasonally adjusted) were marginally at-



tached to the labor force compared with 1.3 million a year earlier. These in-



dividuals wanted and were available for work and had looked for a job sometime



during the prior 12 months. They were not counted as unemployed because they



had not searched for work in the 4 weeks preceding the survey. Among the mar-



ginally attached, there were 399,000 discouraged workers in April, about the



same as a year earlier. Discouraged workers were not currently looking for



work specifically because they believed no jobs were available for them. The



remaining 992,000 persons marginally attached to the labor force in April had



not searched for work in the 4 weeks preceding the survey for reasons such as



school attendance and family responsibilities.

No comments:

Post a Comment