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U.S. Economy Added 223,000 Jobs in April

The U.S. economy added 223,000 jobs in April and the unemployment rate dipped a tenth of a percent to 5.4 percent, the Department of Labor reported this morning.

The unemployment rate is now at a seven-year low, and the solid jobs growth amidst an economic slowdown in the last two quarters signals the economy may be picking up again.

However, not all signs were good. The March jobs number was revised dramatically downward from 126,000 to 85,000, the worst tally in years. And the labor force participation rate remained at about the same historic low level it has been for months, coming in at only 62.8 percent.

Nevertheless, the White House is likely to trumpet the news, which arrives just over a week after the latest GDP report showed that the economy nearly shrank in the first quarter of the year.

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17 Responses to U.S. Economy Added 223,000 Jobs in April

  1. These numbers are meaningless and obviously wrong.
    5% of employable adults out of a population of 330million would mean that our economy is booming, but it’s not.

  2. John Crudele was way out in front of this. He was calling shenanigans on these numbers in Tuesday’s New York Post.

    The pertinent suff:

    When it reports April employment numbers this Friday at 8:30 A.M., Labor will include about 263,000 phantom jobs.

    At least, that is how many phantom jobs it factored in last May.

    This May, the Bureau of Labor Statistics will add around 204,000 phantom jobs…And there is no telling if any of those jobs actually exist….

    Of the 263,000 or so phantom jobs that will be added through guesstimates in April, probably 50,000 or so will–thanks to seasonl adjustments–be added to the “realer” number to produce the total Labor will announce….

    [F]riday’s job growth numbers will be an illusion. Misleading. A joke….If the number turns out to be disappointingly below Wall Street’s 230,000 guess, the economy is really in trouble. If the number reported is bad, it would have been even worse without Labor’s thumb on the scale.

  3. I gave up looking for another job years ago after I lost my job in 2011. I no am counted in the numbers of unemployed or those seeking a job.

    I am lucky to have a spouse who works. I don’t know what life would be like if I didn’t.

  4. This is a good example of how the Obama administration tosses out lies like lollipops to the American people.

    There are more people out of work than at any time in US history: a record 93+ million.
    http://www.zerohedge.com/news/2015-05-08/americans-not-labor-force-rise-record-93194000

    Most of the jobs gained went to female immigrants, not to native born citizens, male or female, who are desperate for jobs.
    http://www.breitbart.com/big-government/2015/05/08/most-net-job-gains-went-to-immigrants-since-recession/

    The phony 5.4 percent unemployment rate Obama is crowing about does not include those who have given up looking for work. If those people were counted, the true unemployment rate would be in the 10-12 percent range.

    You get the idea. The numbers are phony, a bag of hooey, don’t tell the true unemployment picture and aren’t worth the paper they are written on.