General Discussion

allegorical oracle

(4,757 posts) Fri May 2, 2025, 10:04 AM 12 hrs ago

New federal data: 177,000 jobs added in April.

Employers across the U.S. added 177,000 jobs in April, new federal data shows, a sign the labor market is still humming despite ongoing economic uncertainty caused by the Trump administration's trade policies.

Job growth was stronger than expected in April, the Labor Department said Friday in its monthly employment report. Payroll gains exceeded economist forecasts of 135,000 last month, according to financial data firm FactSet.
The nation's unemployment rate held steady at 4.2%, matching forecasts from analysts polled by FactSet.

snip

Health care companies, along with the transportation and warehousing sector, saw the largest gains in employment last month, adding 51,000 and 29,000 jobs, respectively. Federal employment declined by 9,000, up from 4,000 in March. Government layoffs have risen in recent months because of cuts by the Department of Government Efficiency, or DOGE, which the Trump administration touts as a cost-saving effort.

(Should we be skeptical? Altho furloughed employees are included as working.)

https://www.cbsnews.com/news/jobs-report-today-april-2025-economy-tariffs-trump/

4 replies

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New federal data: 177,000 jobs added in April. (Original Post) allegorical oracle 12 hrs ago OP

So according to Trump's statement on the stock market yesterday, Biden should get credit for that? surfered 12 hrs ago #1

The current U-6 unemployment rate in the United States is 7.9% as of March 2025. DemMedic 12 hrs ago #2

Fed emp down 9k, but warehousing was up around the same Bernardo de La Paz 12 hrs ago #3

yeah sure. added 177k jobs. And i supposed next they'll claim they saved 258 million fentanyl deaths... Takket 10 hrs ago #4

surfered

(6,456 posts)

1. So according to Trump's statement on the stock market yesterday, Biden should get credit for that?

Reply to allegorical oracle (Original post)

Fri May 2, 2025, 10:07 AM

12 hrs ago

DemMedic

(407 posts)

2. The current U-6 unemployment rate in the United States is 7.9% as of March 2025.

Reply to surfered (Reply #1)

Fri May 2, 2025, 10:11 AM

12 hrs ago

The current U-6 unemployment rate in the United States is 7.9% as of March 2025. This number is lower than the long-term average of 10.07% and a previous reading of 8.0%.

The U-6 unemployment rate is a broader measure than the official U-3 rate, which only counts those who are actively seeking employment. The U-6 rate also includes discouraged workers, marginally attached workers, and those working part-time for economic reasons,

https://www.bls.gov/lau/stalt.htm

https://www.bls.gov/news.release/empsit.t15.htm

Bernardo de La Paz

(55,106 posts)

3. Fed emp down 9k, but warehousing was up around the same

Reply to allegorical oracle (Original post)

Fri May 2, 2025, 10:12 AM

12 hrs ago

The latter was probably a temporary bump from tariff front-running.

Fed unemployment is set to increase.

Takket

(22,953 posts)

4. yeah sure. added 177k jobs. And i supposed next they'll claim they saved 258 million fentanyl deaths...