April Jobs Report: Hiring Slows Again, Unemployment Falls A Bit

April jobs report analysisMany Americans -- especially those in the job market -- have been whipsawed in recent weeks in trying to determine just in which direction the economy is heading. Today's employment report did little to ease that back and forth, with the Labor Department reporting that the nation's employers added just 115,000 jobs in April, fewer than anticipated.

The nation's unemployment rate, however, fell one-tenth of a percent to 8.1 percent. But as was the case last month, the decline had less to with Americans finding jobs than with more of them dropping out of the labor market.

The report, which many labor-market watchers labeled anemic, caused some analysts to suggest that the U.S. economy needs another round of economic stimulus. "When I say Q-E you say 3! Q-E!," tweeted The Washington Post's Ezra Klein, referring to "quantitative easing"; it was employed by the Federal Reserve in two previous instances to boost the economy by increasing the nation's supply of money.

Still, there were those who saw enough good news in the report to suggest that the U.S. labor market will continue to grow, albeit modestly. David Leonhardt, Washington bureau chief for The New York Times, wrote via Twitter: "Jobs report weak, doesn't change basic story about econ. Mar/Apr weaker than Jan/Feb. Most econos think 4-month avg is true picture."

But, he added, there is a "clear risk" that the slowdown in job creation that occurred in March and April -- compared to robust growth seen in the three previous months -- "is more than weather-related blip and that economy has truly entered a new slowdown."

Economists assessing March's disappointing figures suggested last month that the slowdown was the result of increased hiring in January and February, pushed forward by an unusually warm winter in many parts of the country. Friday's jobs report, however, did revise upward the number of jobs created in March to 154,000, up from the previously reported 120,000.

It's just those kinds of revisions that prompted The Hired Guns, a staffing firm, to tweet: "Rear View Mirror Interesting...BLS keeps revising Monthly jobs numbers up; Expect that April will get revised up next month."

Another good sign in April's report was a drop in the number of government-sector job cuts, with the Labor Department reporting "little change" in employment levels. Layoffs by state and local governments have been a drag on the labor market for a while, as politicians across the nation sought to balance budgets by cutting labor costs.

But some analysts expressed concern that the weak jobs reports means that the recovery has lost its momentum and that a strong surge in hiring is still months away.

"It shows sluggish growth," John Doyle, currency strategist at Tempus Consulting in Washington, told Reuters.

Neil Irwin, economics reporter at The Washington Post, noted via Twitter that the "Report isn't bad enough to be a game-changer, but this has to put to rest theories that we're bursting into rapid growth."


April Jobs Report Mixed News For Obama But Do Voters Care? Buzz Politics 5.4


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invmartyc

Obama cannot force businesses to hire people. And the GOP's plan of tax cuts has shown that does not work. All the rich are doing with that money is socking it away in offshore accounts. FOR EXAMPLE ROMNEY WHO HAS SUNK MILLIONS IN OFFSHORE ACCOUNTS IN HIS FAMILY'S AND WIFE'S NAMES!

May 06 2012 at 2:54 PM Report abuse -1 rate up rate down Reply
Major

Woops. Don't let BHO know you let this information out. We are only supposed to see the good numbers, and not why they are a fraction of a point lower.

May 06 2012 at 2:33 PM Report abuse rate up rate down Reply
Duane

Stop counting the people who have quit looking and soon you'll have a Nation with 50 million people out of work and not looking with an "unemployment" rate of ZERO. That's how buggus the unemployment rate is.
The rate keeps going down and the number of unemployed keeps going up...Obama math.

May 06 2012 at 2:08 PM Report abuse rate up rate down Reply
a1putwins

Seems to me that you make a list of what is good for business. Right at the top of the list is certainty. There must be no doubt about regulations, taxes, particularly deductions. Right now no one knows what taxes will be next year. Make tax cuts meaningful and permanent and the economy will start to come back.
Still looking at the top of the list, it's vitally important that every single American knows without a shadow of a doubt that the president is a friend of business and believes capitalism is the greatest force for good in America.

May 06 2012 at 1:43 PM Report abuse +3 rate up rate down Reply
James

Where are all the libs/democrat/socialist today.... where are there rampant irrational thoughts on this article? working..ha ha ..no, church? ummm no way.... doing something good for america? not in our lifetime.... so, where could they be?

You probably wont see this article in the Huff or all the other leftist media propaganda sources.

May 06 2012 at 1:42 PM Report abuse -1 rate up rate down Reply
jumpinjohn

Didn't you get the memo from President O'Liar? Oh! Holder must have left it on his desk without looking. Or Maybe The Prez left it in the bunker when he killed OBL. lol

May 06 2012 at 1:41 PM Report abuse +1 rate up rate down Reply
dietkola1

The nation's unemployment rate, however, fell one-tenth of a percent to 8.1 percent. But as was the case last month, the decline had less to with Americans finding jobs than with more of them dropping out of the labor market.

This is finally becoming the story that Obama doesn't want to deal with.. The unemployment numbers have nothing to do with him.. his administration.. or all the lovely changes they have incorporated.. 15Million out of work.. period.. more illegals taking jobs.. and no creation of a economy that will develop a growing job market.. When all you have lead is protests.. this is what you get!!!

May 06 2012 at 1:30 PM Report abuse +1 rate up rate down Reply
posthuf

A government big enough to give everything you want is big enough to take everything you have.

The recently signed bill barring protests near politicians speaking removes the voice of the people. That means you and I no longer have a say.

The only way to fix this is to replace ALL of Congress as well as obama. The bill had bipartisan support. That means that both parties have decided they don't want to hear us - unless it supports their staying in office. It indicates they have either forgotten or just don't give a damn about 'we the people,' and fully intend to go about the business of staying in office on our dime as long as they can.

Had EITHER Congressional majority listened to any one of Bush's 17 speeches about investigating Fannie and Freddie, our current economic situation could have been avoided, and we wouldn't be in debt up to our great-great-great grandchildren.

The complicity of the liberal media cannot be overlooked. They wanted Bush out of office so badly that they knowingly outright lied about his past (Dan Blather) and told half-truths about the current situation with him as prez. All one has to do to see how hard a leader works is watch what he does on his own time, his vacation time. Bush worked - actual physical labor - on his ranch. obama? He even golfs when he's supposedly on the job in D.C.

In the coming election the media is going to demonize Romney over his religion and tell half truths about his past. They won't tell about him shutting down Bain Capitol for three days and instructing EVERY employee to assist in the search for the missing daughter of one of the employees. They won't tell you that he took the job as governor for $1 per year, or when he was selected to reorganize the olympics he took that job for $1 per year also, and refused to accept any expense accounts. He paid for all of that out of his own pocket. obama won't even pay for fuel for his kids to fly to Mexico out of his pocket. YOU and I paid for that.

The media wants me to be more upset with what Romney does with HIS money than with what obama is doing with MINE! Japanese proverb: When the character of man is not clear to you, look at his friends. The coming election, more than any other in my 76 years of life, is a choice between economy and liberty, or confusion and servitude. You won't see clooney, moore, striesand and others of their ilk, giving up their millions to support our country, but they will have no problems laying bigger burdens on the backs of the poor and what's left of the middle class. We once were a nation of compassionate over-achievers, we've been hijacked by socialist nannies who want us to be ashamed of our history and accomplishments. Great nations fold when they elect small greedy men and women to do big jobs.

"The more corrupt the state, the more it legislates." Tacitus

"A man's most valuable trait is a judicious sense of what not to believe." Euripides 485-406 BC

May 06 2012 at 11:18 AM Report abuse +9 rate up rate down Reply
Iselin007

What is needed is wireless taps to catch all the fraud in the visa worker system which is flooding with job displacements and assistance stealers from abroad.

May 06 2012 at 10:51 AM Report abuse +2 rate up rate down Reply
Iselin007

Mental Depression is a disability so keep up the displacements of US workers an you'll be adding to the numbers of people on disability

May 06 2012 at 10:48 AM Report abuse +2 rate up rate down Reply

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