2024-05-06 09:18:00 ET
Summary
- In April, employers added 175,000 payroll jobs – excluding farm workers and the self-employed – a slower pace from the upwardly revised March estimate of 315,000 additions, which had been huge.
- The BLS bases its employment and unemployment figures on the household survey data, which uses the population data from the Census Bureau.
- The unemployment rates ranged from 1.3% for U-1, the narrowest definition, to 7.4% for U-6, the broadest definition.
But the undercount of mass-immigration distorts the household data
In April, employers added 175,000 payroll jobs – excluding farm workers and the self-employed – a slower pace from the upwardly revised March estimate of 315,000 additions, which had been huge. Over the past 12 months, the range has been between 165,000 and 315,000....
Read the full article on Seeking Alpha
For further details see:
Jobs, Wages, Mass Immigration, Full And Part-Time Workers, Unemployment, Prime-Age Participation Rate, And Multiple Jobholders