Friday, May 07, 2010

Envisioning Employment: Employment Situation April 2010

Today’s Employment Situation Report showed somewhat mixed results with net nonfarm payrolls increasing 290,000 since March (including notable upward revisions to prior months) while the unemployment rate increased to 9.9%.

Further, it's important to note that both the larger U6 total unemployment rate and the unemployment rate of full-time workers increased notably while the long term unemployed measures continued to worsen significantly.

Also, its important to consider that nonfarm payrolls are still 1.05% below the level seen in April 2009 and some 5.65% below the peak level seen in December of 2007.