Friday, May 4, 2012

Employment Update: April 2012

The Bureau of Labor Statistics revised last month’s employment numbers upward (link), from the reported 120,000 to 154,000, for a gain of 54,000. April numbers show a modest gain of 115,000 jobs. We are rocking along. What more can be said? Well, the Construction sector turned in losses (2,000 jobs); the worst negative performer was Transportation and Warehousing (16,600 jobs lost), signaling that trade isn’t doing well. And Government clocked losses again (15,000 jobs were shed). So there is no sign of Spring growth around here. The updated chart follows:

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