Economics

April Jobs Report Released

Unemployment falls, 165,000 jobs added

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The number is out and it's good all around!

165K new jobs was above the 140K that was expected.

The unemployment rate fell to 7.5%.

And there were big upward revisions to lastmonth, which was originally really weak.

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  1. Was there a rise in the workforce participation rate? Were there more jobs created than new workers coming into the workforce? did the “unemployment rate” drop due to discouraged workers stopping their job search?

    Answer these questions before I decide if I can agree that the numbers are “good”.

  2. Zero manufacturing jobs added. Most added were low wage/temporary/part time service industry jobs.
    Our GDP is increasingly based on intangibles.

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