On May 4, 2012 Mark Harden, New Media Editor, Denver Business Journal, commented on April 2012’s unemployment.
The U.S. economy added 115,000 payroll jobs in April, fewer than many economists had expected, and unemployment eased a notch to 8.1 percent, the U.S. Labor Department. The jobless rate was 8.2 percent in March. The pace of U.S. payroll job growth in April was much slower than the average monthly gain of 252,000 jobs seen in January and February. Job gains in March and April have averaged 134,500 a month, according to a broad government poll of employers known as the establishment survey.
Also worrying were the results of the separate household survey -- the poll used to calculate the unemployment rate. It showed that overall U.S. employment fell by 169,000 in April from March. The household survey counts job categories that the establishment survey leaves out, like the self employed and farm workers.
The report had some analysts warning that the nation may be in the same slowdown in new hiring that it saw last spring and summer after a more robust winter.
"At its best, job creation is falling well short of what is needed to make a substantial dent in unemployment," said John Challenger, CEO of outplacement firm Challenger, Gray & Christmas Inc. "While some would like to attribute the lack of hiring to uncertainty and regulatory roadblocks, the fact is that demand for goods and services simply has not reached a level that warrants accelerated hiring."
The household survey showed that there are 12.5 million unemployed Americans -- defined by the government as jobless people who say they are actively seeking work. Of that number, 5.1 million have been without work for 27 weeks or more. Another 7.9 million people are working part time because they can't find full-time jobs, and 2.4 million are "marginally attached to the labor force," meaning they lack jobs and have looked for one in the past year, but not in the last month.
http://www.bizjournals.com/denver/news/2012/05/04/us-unemployment-eases-amid-tepid-job.html?ana=e_pft
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