ACTV - Jobs Wages Mass Immigration Full And Part-Time Workers Unemployment Prime-Age Participation Rate And Multiple Jobholders

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....

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