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Market Update : 
Nonfarm Employment Declines 20,000 in April
Author: 123jump.com Staff
123jump.com
Last Update: 8:58 AM EDT May 02 2008


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Nonfarm payroll employment was little changed in April -20,000, following job losses that totaled 240,000 in the first 3 months of the year, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The unemployment rate, at 5%, also was little changed in April. Employment continued to decline in construction, manufacturing, and retail trade, while jobs were added in health care and in professional and technical services.

 
The index of aggregate weekly hours of production and nonsupervisory workers on private nonfarm payrolls fell by 0.4 percent in April to 107.2 (2002=100). The manufacturing index declined by 1.2 percent to 92.0.

Hourly and Weekly Earnings (Establishment Survey Data)

In April, average hourly earnings of production and nonsupervisory workers on private nonfarm payrolls edged up by 1 cent, or 0.1 percent, to $17.88, seasonally adjusted. This followed gains of 6 cents in February and in March. Average weekly earnings fell by 0.2 percent in April to $602.56. Over the past 12 months, average hourly earnings increased by 3.4 percent and average weekly earnings rose by 3.1 percent.


Available at:

http://stats.bls.gov/news.release/empsit.nr0.htm
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