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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Fri, 05/04/2012 - 08:33 | 2396211 lizzy36
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It was leaked a couple of seconds b/f it actually hit the tape.

Fri, 05/04/2012 - 08:33 | 2396219 Shocker
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


Fri, 05/04/2012 - 08:35 | 2396227 GetZeeGold
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Missed it by jiiiiiiiist that much.


Fri, 05/04/2012 - 08:38 | 2396243 MillionDollarBonus_
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.

Fri, 05/04/2012 - 08:41 | 2396260 hangemhigh77
hangemhigh77's picture smoked enuf dope for today.

Fri, 05/04/2012 - 08:41 | 2396266 LULZBank
LULZBank's picture

Forcebook IPO, you mean?

Fri, 05/04/2012 - 08:44 | 2396279 GetZeeGold
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I stand in the presence of brilliance!


Fri, 05/04/2012 - 08:50 | 2396323 NewWorldOrange
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"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.

Fri, 05/04/2012 - 08:55 | 2396355 Peter Pan
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.

Fri, 05/04/2012 - 11:52 | 2397122 Madrid2020
Madrid2020's picture

Posted by Donna Brazile!

Sat, 05/05/2012 - 11:49 | 2399334 MeelionDollerBogus
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

Fri, 05/04/2012 - 09:54 | 2396680 Randall Cabot
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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


Fri, 05/04/2012 - 08:36 | 2396233 WonderDawg
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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?

Fri, 05/04/2012 - 08:36 | 2396229 Gully Foyle
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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.

Fri, 05/04/2012 - 08:41 | 2396264 hangemhigh77
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those are govt jobs.

Fri, 05/04/2012 - 08:42 | 2396275 GetZeeGold
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I think they get unionized next week.


Fri, 05/04/2012 - 08:48 | 2396310 CrimsonAvenger
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In Amerika, the hookers screw you.

Fri, 05/04/2012 - 08:39 | 2396252 Gully Foyle
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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?
Fri, 05/04/2012 - 08:33 | 2396213 fathero123
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Obama 2012


Fri, 05/04/2012 - 08:36 | 2396234 Gully Foyle
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Fri, 05/04/2012 - 08:41 | 2396256 GetZeeGold
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Fu*k yeah comrades!


Fri, 05/04/2012 - 08:38 | 2396248 EscapeKey
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Fri, 05/04/2012 - 08:38 | 2396250 GetZeeGold
GetZeeGold's picture





Fri, 05/04/2012 - 08:41 | 2396267 Dead Canary
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Hey fathereo123. No fair voting for yurself!

Fri, 05/04/2012 - 08:48 | 2396304 homersimpson
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Barack on Crack 2012!

Fri, 05/04/2012 - 09:34 | 2396573 GetZeeGold
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If we hurry I think we can make it back to the printers before they close.


Fri, 05/04/2012 - 08:51 | 2396333 Peter Pan
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?

Fri, 05/04/2012 - 08:34 | 2396214 Let The Wurlitz...
Let The Wurlitzer Play's picture

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


Fri, 05/04/2012 - 08:42 | 2396272 financial apoca...
financial apocalyptic contagion's picture

Bandar log?? who taught you that

Fri, 05/04/2012 - 08:34 | 2396215 PrintingPress
PrintingPress's picture


Fri, 05/04/2012 - 08:34 | 2396216 LawsofPhysics
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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?

Fri, 05/04/2012 - 08:34 | 2396217 Stoploss
Stoploss's picture

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


Excellent job.

Fri, 05/04/2012 - 08:33 | 2396218 Cassandra Syndrome
Cassandra Syndrome's picture

Gold Spiked over $5 seconds before the leak

Fri, 05/04/2012 - 08:33 | 2396220 Zero Debt
Zero Debt's picture

Clearly Ben is not printing fast enough

Fri, 05/04/2012 - 08:34 | 2396221 RoadKill
RoadKill's picture

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

Fri, 05/04/2012 - 08:34 | 2396222 insanelysane
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.

Fri, 05/04/2012 - 09:30 | 2396470 grunk
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.

Fri, 05/04/2012 - 10:30 | 2396840 TeMpTeK
TeMpTeK's picture

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

Fri, 05/04/2012 - 08:35 | 2396223 DavidJ
DavidJ's picture

Avg Earnings + 1 penny!!!  WINNING!!

Fri, 05/04/2012 - 08:34 | 2396225 Corn1945
Corn1945's picture

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

Fri, 05/04/2012 - 08:35 | 2396226 hangemhigh77
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leaked? No way. That would be illegal.  You know that WS never breaks the law.

Fri, 05/04/2012 - 08:35 | 2396228 mspgrandi
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Bad NUMBER = S&P up as QE700 comes in


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

Fri, 05/04/2012 - 08:36 | 2396230 CryingBear
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short cover bitches

Fri, 05/04/2012 - 08:35 | 2396231 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Euro went mental 40seconds early

Fri, 05/04/2012 - 08:39 | 2396232 lizzy36
lizzy36's picture

Household survey was brutal -324k on participation rate.

Labor force participation at 63.3% lowest since 1981.

Fri, 05/04/2012 - 08:41 | 2396268 GeneMarchbanks
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Damn Paul Krugman is an unparalleled genius. We must listen to him before it is too late.

Fri, 05/04/2012 - 09:26 | 2396528 Dapper Dan
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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



Fri, 05/04/2012 - 11:20 | 2397020 earnyermoney
earnyermoney's picture

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

Fri, 05/04/2012 - 08:36 | 2396235 dick cheneys ghost
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Food Stamp usage will go down now?????  LMFAO

Fri, 05/04/2012 - 08:37 | 2396236 LoneStarHog
LoneStarHog's picture

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

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