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.