Free Markets, Free People

Economic Statistics for 6 Apr 12

The following statistics were released today on the state of the US economy:

The Monster Employment Index, a measure of online job recruitment activity, was unchanged for the month at 143.

The BLS reports that non-farm payrolls increased by a disappointing 120,000 jobs. The unemployment rate magically dipped to 8.2%, however. Average hourly earnings rose by 0.2%, while the average workweek remained un changed at 34.5 hours. Those are the headline results. Nor to delve a little deeper. The labor force participation rate remained steady at 63.4%, but the employment-population ratio fell one tick to 58.5%, as 164,000 people left the labor force, which is the main reason for the downtick in the unemployment rate as well.

Dale Franks
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4 Responses to Economic Statistics for 6 Apr 12

  • Magically? Oh no, this is one of those times where we don’t use the word “unexpectedly”, “magically” is even worse! This is all part of the recovery! There WILL be a recovery! Even if it’s only on paper.

  • “We are right back where we were two years ago. I would put money on 2012 being a bigger year for foreclosures than 2010,” said Mark Seifert, executive director of Empowering & Strengthening Ohio’s People (ESOP), a counseling group with 10 offices in Ohio.

    “Last year was an anomaly, and not in a good way,” he said.

    In 2011, the “robo-signing” scandal, in which foreclosure documents were signed without properly reviewing individual cases, prompted banks to hold back on new foreclosures pending a settlement.

    • @Neo_ I think we’re still just shy of the scene with Kevin Bacon standing in front of a charging crowd in his ROTC uniform with his hands up shouting “All’s Well! All’s Well!” in Animal House.