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Job Market UpdateU.S. Economic Data
Reflective of the Bureau of Labor Statistics “The Employment Situation – April 2015”
As of May 2015
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Overview of “The Employment Situation”
• The April report showed an overall monthly gain of 223,000 jobs – only 5,000 less than expected.
• The unemployment rate was essentially unchanged at 5.4%
• Revisions to prior months:- The February number was revised from
+264,000 to +266,000
- The March number was revised from +126,000 to +85,000
- That makes 39,000 fewer jobs than previously reported
- Over the past 3 months, job gains have averaged 191,000 per month
2
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223,000 new jobs added in April
330
236
286
249
213
250221
423
329
201
266
85
223
APR-14 MAY JUN JUL AUG SEPT OCT NOV DEC JAN FEB MAR 15-APR
In T
ho
usa
nd
s
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* Numbers are seasonally adjusted. Source: BLS
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Unemployment rate in April
• Total nonfarm payroll employment increased by 223,000 in April
- Unemployment dipped slightly to 5.4%- The number of long-term unemployed
persons (2.5 million) was little changed in April. These individuals make up 28% of all unemployed persons
- Over the year, the number of unemployed has declined by 888,000 — 0.8%
• Discouraged workers in April was 756,000 (little different from a year earlier)
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JOBS GAINED IN APRIL
UNEMPLOYMENT RATE
LOWEST UNEMPLOYMENT RATE SINCE
223,000
5.4%
July 2008
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April’s job creation statistics
• United States private sector generated over 223,000 jobs in April
- Highest increase in employment seen within professional and business services, healthcare and construction
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Source: BLS
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Industry Breakdown
6
Source: BLS
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Industry Breakdown
7
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Employment in total nonfarm
-15.0
45
1
-4.5
12.1
15.2
3
9
62
61
17
20.7
6
10
-20.0 -10.0 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0
Mining and logging
Construc on
Manufacturing
Wholesale trade
Retail trade
Transporta on and warehousing
Informa on
Financial ac vi es
Professional and Business services
Educa on and health services
Leisure and hospitality
Temporary help services
Other services
Government
Over-the-monthchange, April 2015
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* Numbers are seasonally adjusted in thousands. Source: BLS, Current Employment Statistics Survey, April 2015
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State & Regional Unemployment – March, 2015
• State and Regional unemployment rates were little changed in March.
- 24 states had unemployment rate decreases from February, while 12 states had increases.
• The Midwest had the lowest regional unemployment rate at 5.0%.
• The West had the highest unemployment rate at 5.9%.
• Significant over-the-year decreases were reported in all four regions: Midwest, West, Northeast and South.
• Among the geographic divisions, all nine showed a notable decline from last year.
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Metropolitan employment data from previous month. Source: BLS
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Mid-Atlantic Region – March, 2015
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Metropolitan employment data from previous month. Source: BLS
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Midwest Region – March, 2015
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Metropolitan employment data from previous month. Source: BLS
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Mountain-Plains Region – March, 2015
12
Metropolitan employment data from previous month. Source: BLS
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New England Region – March, 2015
13
Metropolitan employment data from previous month. Source: BLS
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New York, New Jersey Region – March, 2015
14
Metropolitan employment data from previous month. Source: BLS
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Southeast Region – March, 2015
15
Metropolitan employment data from previous month. Source: BLS
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Southwest Region – March, 2015
16
Metropolitan employment data from previous month. Source: BLS
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West Region – March, 2015
17
Metropolitan employment data from previous month. Source: BLS
