April employment in tangible and intangible industries

April’s employment data from BLS shows steady growth of 223,000 job with the unemployment rate ticking down slightly to 5.4%. This is about what economists had forecast (an increase of 228,000 jobs).
Employment in tangible producing industries grew by 106,000 in March led by growth in Accommodation & Food Service, Tangible Business Services and Tangible Education & Health Services. Intangible producing industries added 116,000 jobs with most of that gain in Professional & Business Services and Educational & Health Services. (See tables below.)
As the charts below shows, U.S. employment in tangible producing industries and intangible producing industries is just about equal. Up until March, employment in tangible producing industries had been growing slightly faster than in intangible producing industries.
For more background on this data, see my earlier posting.
Apr 2015 tangible & intangible employment.png
Apr 2015 parts.png
Apr 2015 pie.png

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