HEADLINES:
- 2,509,000 million jobs added. This makes up about 12% of the 22.1 million job losses in March and April.
- U3 unemployment rate improved 1.4% to 13.3%, compared with the January low of 3.5%.
- U6 underemployment rate improved 1.6% to 21.2%, compared with the January low of 6.9%.
- March and April were both revised further downward, by -492,000 and 150,000, respectively, for a net of -642,000 more jobs lost compared with previous reports.
Leading employment indicators of a slowdown or recession
I am still highlighting these because of their leading nature for the economy overall.