Metrics 2.0: Payrolls increased by 138,000 in April, the smallest gain in 6 months

Nonfarm employment increased by 138,000 in April, and the unemployment rate was unchanged at 4.7 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Industries with notable job gains over the month included financial activities, health care, and manufacturing. Average hourly earnings rose by 9 cents in April.

April Employment Situation http://www.bls.gov/news.release/empsit.nr0.htm

▪	The number of unemployed persons was 7.1 million
▪	Total employment was about 143.7 million
▪	Over the year, financial activities employment increased by 213,000.
▪	Health care added 23,000 jobs in April.
▪	Retail trade employment declined by 36,000 in April.
▪	Average hourly earnings of production workers on private nonfarm payrolls increased by 9¢ to $16.61, seasonally adjusted.
▪	The manufacturing workweek was unchanged at 41.1 hours

Business & Market Intelligence

Payrolls increased by 138,000 in April, the smallest gain in 6 months