April employment

This morning’s employment report for April shows a relatively healthy economy. The unemployment rate fell by 0.4% to 6.3% and payrolls grew by 288,000. Economists had expected an unemployment rate of 6.6% and 218,000 new jobs.
However, the number of involuntary underemployed (part time for economic reasons) grew slightly in April. The good news is that the number of those who could only find part time work dropped. But number of workers part time because of slack work rose. The rise in slack work could signal a future slowdown. Involuntary underemployment remains well above pre-Great Recession levels.
Involuntary underemployed April 2014.png

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