US Added 115,000 Jobs In April, Huge Miss Of Expectations; Unemployment Rate 8.1%

Tyler Durden's picture

Expectations were for an increase in non farm payrolls of 160,000, and a 8.2% unemployment rate. We got +115,000, and 130,000 privates. Unemployment rate at 8.1%, lowest since January 2009. Schrodinger is alive and well.

From the release:

Both the number of unemployed persons (12.5 million) and the unemployment rate (8.1 percent) changed little in April. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.5 percent), adult women (7.4 percent), teenagers (24.9 percent), whites (7.4 percent), and Hispanics (10.3 percent) showed little or no change in April, while the rate for blacks (13.0 percent) declined over the month. The jobless rate for Asians was 5.2 percent in April (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks and over) was little changed at 5.1 million in April. These individuals made up 41.3 percent of the unemployed. Over the year, the number of long-term unemployed has fallen by 759,000. (See table A-12.)

The civilian labor force participation rate declined in April to 63.6 percent, while the employment-population ratio, at 58.4 percent, changed little. (See table A-1.)

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lizzy36's picture

It was leaked a couple of seconds b/f it actually hit the tape.

Shocker's picture

New Month, same stuff. Numbers are down but better all around. Just look around your area, the job situation is still very tough by all means


GetZeeGold's picture



Missed it by jiiiiiiiist that much.


MillionDollarBonus_'s picture

NFP is not that important. There are plenty of other indicators showing strong growth and green shoots in the economy. The market is overreacting.

hangemhigh77's picture smoked enuf dope for today.

GetZeeGold's picture



I stand in the presence of brilliance!


NewWorldOrange's picture

"There are plenty of other indicators showing strong growth and green shoots in the economy."

There are plenty of indicators showing strong growth in the quanity of greenbacks in the economy.

There. Fixed it.

Peter Pan's picture

I will believe in green shoots when they start sprouting without the use of massive borrowings and massive deficits. Until then all green shoots are noxious weeds.

MeelionDollerBogus's picture

Right, nothing's less important about jobs off the farm than actual payroll accounts of actual jobs actually off the farm.

Market be tankin'

Good job on anyone with VXX calls and SPY puts. Still wisdom in hedging that in a strangle but hey, it's your money.

Oh, and how do you like them AAPL's for "support", MDB? Ya... :D

Randall Cabot's picture

Job’s report a bummer for bulls hoping for QE3: Ryding


May 4, 2012, 9:45 AM

John Ryding and Conrad DeQuadros say Friday’s jobs report won’t be enough to inspire another round of quantitative easing from the Fed.

"Despite the perception that payrolls appear to be slowing because of the initial print, the three-month change in nonfarm payrolls is modestly ahead of the 12-month change. Each of the last four payroll reports have revised the previously reported gain in private employment higher by an average of 45,000 per month…In short, through the volatility, the job market continues to expand and slack in the labor market continues to be reduced at a gradual pace. There is nothing here to persuade the Fed that it should be looking at the need for further stimulus."


-Tom Bemis


WonderDawg's picture

I'm thinking this should be good for the bears. Not bad enough to ramp up QE expectations, but not good enough for an organic jump in the markets.

8.1%? That's some funny shit right there. Does anyone besides the CNBC propoganda monkeys believe that shit?

Gully Foyle's picture

Why is no one counting the amount of drug dealers and hookers added?

Both are service industry jobs and look to be growth industries in the new US economy.

GetZeeGold's picture



I think they get unionized next week.


CrimsonAvenger's picture

In Amerika, the hookers screw you.

Gully Foyle's picture

In light of the following study, one has to wonder if bonding with ZH ruins men for "real" economics


Does Men’s ‘Bond’ with Porn Ruin Them for Real-Life Sex?
GetZeeGold's picture





Fu*k yeah comrades!


GetZeeGold's picture





Dead Canary's picture

Hey fathereo123. No fair voting for yurself!

GetZeeGold's picture



If we hurry I think we can make it back to the printers before they close.


Peter Pan's picture

It could be Obama 2012, 2013, 2014, 2015.......if a state of emergency is declared. Why else would you pass all those laws, buy all those bullets and build that survillance centre if everything is normal?

Let The Wurlitzer Play's picture

I'm sure the Washington "bandar log" will be cellebrating the 8.1% unemployment number.


LawsofPhysics's picture

And now for the MSM spin.  Long black markets, private securty teams, and ink. Red that is.  Russia is the new America and visa versa.  Now let me think, what happened to the ruble in the 90's again?

Stoploss's picture

UE rate shrinking along with labor participation, and tax rev's.


Excellent job.

Cassandra Syndrome's picture

Gold Spiked over $5 seconds before the leak

Zero Debt's picture

Clearly Ben is not printing fast enough

RoadKill's picture

I was looking for +100k or less. But Ill take it.

insanelysane's picture

CNBC tool just said this is exactly the number we were expecting.  WTF???  115 when they were saying 160 all fucking morning.

grunk's picture

I just went to the CNBC website. In the upper right-hand corner was a video of Art Cahin talking to Pisani yesterday. Cashin said his greatest fear is a jobs report of 100,000 to 120,000 and an unemployment rate drop.

Cashin knows his stuff.

TeMpTeK's picture

Would love to see a Cashin followup....But im sure CNBS is in the process of
removing this gem

DavidJ's picture

Avg Earnings + 1 penny!!!  WINNING!!

Corn1945's picture

Looks like they are still playing games with the labor force participation rate to get the UE % down.

hangemhigh77's picture

leaked? No way. That would be illegal.  You know that WS never breaks the law.

mspgrandi's picture


Bad NUMBER = S&P up as QE700 comes in


Very bad NUMBER = S&P And DOLLAR to rally.

CryingBear's picture

short cover bitches

Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Euro went mental 40seconds early

lizzy36's picture

Household survey was brutal -324k on participation rate.

Labor force participation at 63.3% lowest since 1981.

GeneMarchbanks's picture

Damn Paul Krugman is an unparalleled genius. We must listen to him before it is too late.

Dapper Dan's picture


Therein lies the problem, some have listened to Paul and now it’s too late!


Can you think of any problem in any area of human endeavor on any scale, from microscopic to global, whose long-term solution is in any demonstrable way aided, assisted, or advanced by further increases in population, locally, nationally, or globally?

- Dr. Albert A. Bartlett, Emeritus Professor of Physics, University of Colorado; World Population Balance Board of Advisors



earnyermoney's picture

I have a question Dr. Bartlett. Could you lead by example?

dick cheneys ghost's picture

Food Stamp usage will go down now?????  LMFAO

LoneStarHog's picture

Birth/Death = PLUS 206,000 !?!?!?!?! WTF!