211,000 jobs added in April

Posted by Paladin on May 05, 2017

The Latest From the BLS Employment Report:

Job creation in April soared to 211,000 while the unemployment rate fell to 4.4 percent, its lowest since the recession. So far this year, employers have added an average of 174,000 jobs. The average hourly earnings of private-sector workers grew 2.5 percent in the last year. This marks steady growth after a lackluster March. The boost in jobs growth confirmed that the tepid March numbers were a weather-related aberration, said Tony Bedikian, head of global markets for Citizens Bank. The solid April jobs report solidifies that there will be another interest rate hike from the Federal Reserve in June, economists said Friday.

“The report virtually cements the odds of a June rate hike. Something dramatic has to happen to persuade the Fed not to move,” said Sal Guatieri, senior economist at BMO Capital Markets.

Economists’ predictions

Economists predicted a payroll growth of 185,000 and the jobless rate to tick up one-tenth to 4.6 percent. The payroll increase nearly tripled from last month’s numbers, coming in at 211,000. Monthly job gains at the current pace should eventually help push up wages.

211,000 jobs added in April

This Month’s Jobs Report

Let’s break down the numbers from this month’s jobs report

In April, hourly wages increased by $0.07 to $26.19 per hour, following a 2 cent increase in March. This brings the year-over-year wage percentage increase to 2.5 percent. The unemployment rate saw a slight downtick to 4.4 percent.

Wages

  • $26.19 April
    • +0.07 month-over-month
    • +2.5% year-over-year
  • $26.12 March

Unemployment

  • 4.4% April
    • -0.1% month-over-month
  • 4.5% March

National Unemployment Rate

April 2015-2017

In-Depth Look: Our Industries

Let’s take a look at how our industries are performing.

Manufacturing

  • Month-over-month change: +6,000
  • 40,000 jobs added year-over-year

Administrative and support services

  • Month-over-month change: +15,100
  • 258,500 jobs added year-over-year

Advertising and related services

  • Month-over-month change: +500
  • 2,700 jobs added year-over-year

Professional and business services

  • Month-over-month change: +39,000
  • 612,000 jobs added year-over-year

Publishing industries, except Internet

  • Month-over-month change: -1,200
  • -2,700 jobs lost year-over-year

Hospitals

  • Month-over-month change: +4,200
  • 94,800 jobs added year-over-year

Data processing, hosting and related services

  • Month-over-month change: +600
  • 2,700 jobs added year-over-year

Construction

  • Month-over-month change: +5,000
  • 173,000 jobs added year-over-year

Specialized design services

  • Month-over-month change: no change
  • 5,500 jobs added year-over-year

Transportation and warehousing

  • Month-over-month change: +3,500
  • 83,500 jobs added year-over-year

Office administrative services

  • Month-over-month change: +1,800
  • 30,300 jobs added year-over-year

Health care

  • Month-over-month change: +19,500
  • 336,900 jobs added year-over-year

Motion picture and sound recording industries

  • Month-over-month change: +1,600
  • -11,300 jobs lost year-over-year

Posted in: Employers, Job Seekers, Jobs Reports

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