NFP +244,000, 9% Unemployment, Birth/Death Adjustment +175,000

Tyler Durden's picture

And so much for all economic data indicating a drop. The BLS just reported the biggest monthly gain since February 2006. From the release: "Nonfarm payroll employment rose by 244,000 in April, and the unemployment rate edged up to 9.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in several service-providing industries, manufacturing, and mining." And yet: Birth/Death adjustment +175,000.

From the establishment survey:

Total nonfarm payroll employment increased by 244,000 in April, and the private sector added 268,000 jobs. Employment rose in a number of service-providing industries, manufacturing, and mining. Since a recent low in  February 2010, total payroll employment has grown by 1.8 million. Privatesector employment has increased by 2.1 million over the same period.(See table B-1.)

In April, employment in retail trade rose by 57,000. Within the industry, employment in general merchandise stores increased by 27,000, offsetting a decline of similar magnitude in the prior month. Elsewhere in retail trade, April job gains occurred in electronics and appliance stores (+6,000), building material and garden supply stores (+6,000), and automobile dealers (+5,000).

Employment in professional and business services continued to expand in April, with an increase of 51,000. Job gains occurred in management andtechnical consulting services (+11,000) and in computer systems design and related services (+8,000). Employment in temporary help services was little changed over the month, following an increase of 34,000 in March.

Health care continued to add jobs in April (+37,000). Within health care, job gains continued in ambulatory health care (+22,000) and hospitals (+10,000).

Employment in leisure and hospitality continued to increase in April (+46,000). Over the past 3 months, this industry added 151,000 jobs, with nearly two-thirds of the growth in food services and drinking places.

Employment in both state government and local government continued to trend down, with April losses concentrated in the non-educational components.

Elsewhere in the service-providing sector, employment in information, financial activities, and transportation and warehousing changed little
in April.

In the goods-producing sector of the economy, manufacturing employment rose by 29,000 in April. Since reaching an employment low in December 2009, manufacturing has added 250,000 jobs, including 141,000 in 2011. Over the month, employment growth continued in machinery (+5,000), primary metals (+4,000), and computer and electronic products (+4,000).

Mining added 11,000 jobs in April. More than half of the gain occurred in support activities for mining. Since a recent low point in October 2009, employment in mining has increased by 107,000.

Construction employment was about unchanged in April. This industry has shown little net movement since early 2010, after having fallen sharply during the prior 3 years.

The average workweek for all employees on private nonfarm payrolls remained at 34.3 hours in April. The manufacturing workweek for all employees, at  40.4 hours, also was unchanged over the month, while factory overtime  increased by 0.1 hour to 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged in April at 33.6 hours. (See tables B-2 and B-7.)

In April, average hourly earnings for all employees on private nonfarm payrolls increased by 3 cents, or 0.1 percent, to $22.95. Over the past 12 months, average hourly earnings increased by 1.9 percent. In April, average hourly earnings of private-sector production and nonsupervisory employees rose by 5 cents, or 0.3 percent, to $19.37. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for February was revised from +194,000 to +235,000, and the change for March was revised from +216,000 to +221,000.


Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
cossack55's picture

BLS Bitchezzzz!!!!

HelluvaEngineer's picture

May the gods bless our beloved warlord ruler!

Shocker's picture

haha, Of course always on the up and up. Well for the 3 to 5 people that still believe we are in a recovery. Get a grip and take a look

LRC Fan's picture

Party on bitchez

terryg999's picture

What's U-6 at? 

Cassandra Syndrome's picture

Up to 15.9%. Healthy...

Interesting to see the SGS figure later


Cassandra Syndrome's picture

Yeah, sorry was looking at the Seasonally Adjusted column at 15.9%

Non Seasonally adjusted is 15.5%

uhb's picture

Precisely what my first thought was, terry.

It (seasonally adjusted) is at 15.9%, or 0.2% up from 15.7%.

Party on bitchez...

Lndmvr's picture

Strip out the new McDonalds jobs and what do we have?

Confused's picture

Thanks. That was my first thought as well. Manufacturing right? What a joke. 

cossack55's picture

I figured McDs for more assembly type work than MFG.

Dollar Bill Hiccup's picture

McD's is an industrial process, so you're really manufacturing burgers. It's actually a leap to say that you are cooking or preparing food, if you really think about it.

Industrial Life : not iLife but I-life ... lets put the emphasis where it's most appropriate.

Jeremy Roenick's picture

Right on, right on.  McD's hired 50k this past month or at least that was the PR.


Want fries with that shake?

Larry Darrell's picture

Actually, McD set out to hire 50k......they actually hired 62k.

tmosley's picture

244,000-175,000 (birth Death adjustment)-62,000 (McDonalds hires)=7,000


uhb's picture

no, not lol but ROFL + SUSFU

Hedge Jobs's picture

nice pick up mosley, looks like TD liked it so much he gave it its own post.



Hedge Jobs's picture

nice pick up mosley, looks like TD liked it so much he gave it its own post.



Hedge Jobs's picture

nice pick up mosley, looks like TD liked it so much he gave it its own post.



Hedge Jobs's picture

not too sure what happened here, ill blame IT. comment definately wasnt worth repeating 4 or 5 times!



Alex Kintner's picture

Thank the McGawds. A new growth industry has arrived to replace all those crappy Hi-tech industry jobs sent overseas. Now once we adjust to living in dirt floor shacks and walking bare foot, all will be well in Hooverville. Bonus effect: We can scrounge through the company dumpster for uneaten fries.

Buy the oversized bowls of Dipping sauce bitchez.

Bob's picture

They hadn't expected 12,000  physicists applying.  They decided to hire and keep them busy doing distributed research on nuclear fusion during slack times on the midnight shifts.

NOTW777's picture

if they want to sell this jobs # then even less reason for more QE

NOTW777's picture

LOL 62k from macdonalds - what an economic boom - we need more macdonalds

oogs66's picture

Household report showed -190k?

Cash_is_Trash's picture

What a shocker, the economy isn't improving (!)

lettuce's picture

read goldman's piece yesterday to show the effects of mcdonalds not mattering and also the fact that increased participation rate will require 290k+ jobs/mo just to keep the headline unemployment steady. suckers.


RISK ON!!!!!!!!

DavidJ's picture

Will Silver & gold rally much on these better NFP numbers?

Cash_is_Trash's picture

At least I hope this is the bottom.

hamurobby's picture

And they revised last weeks number...up of course, Will this weeks be revised over 250 next week I wonder.

wandstrasse's picture

sorry, little bit out of context, but such a great song -

'The Revolution Will Not Be Online'

fockewulf190's picture

Thanks to McDonalds for helping the numbers.  Gotta count them burger flippers.  Can I take out my mortgage now?

docj's picture

Total nonfarm payroll employment increased by 244,000 in April, and the private sector added 268,000 jobs.

No need to read past that. Total, complete, 100%, Grade-A, unfiltered bullshit.

LoneStarHog's picture

Birth/Death Model = +175,000 ?!?!?!?!?

Fantasy Planet's picture

Couldn't they just combine the QE3 full steam ahead announcement at the same time?

oogs66's picture

birth/death was 175k?

Bartanist's picture

I am confused. How can the birth/death effect add employement in specific sectors?

Need more data.

Veekay23's picture

The broader U-6 unemployment rate rose to 15.9 percent from 15.7 percent

sbenard's picture

Bizarro! Unemployment RISES on best job growth in years!

Pinch me! Is this real?

Herne the Hunter's picture

The party line is that unemployment % counts the number of unemployed people ACTIVELY looking for a job. As economy recovers, more people "smell blood" and start looking for payrolls, hence increase in unemployment. But that's the theory.

Herne the Hunter's picture

birth certificates, bitchez

nantucket's picture

i'm gonna go to BLS and look at the trailing 12 months of birth death adjustments to see what they have been and if this is a huge outlier

Josh Randall's picture

McD'z hiring the peeps out there is what got us where we are today. Heckuva job Ronald...