United States Economy Adds 165K Jobs in April


Total nonfarm payroll employment increased by 165,000 in April, with job gains in professional and business services, food services and drinking places, retail trade, and health care. Over the prior 12 months, employment growth averaged 169,000 per month.

Professional and business services added 73,000 jobs in April and has added 587,000 jobs over the past year. In April, employment rose in temporary help services (+31,000), professional and technical services (+23,000), and management of companies (+7,000).

Within leisure and hospitality, employment in food services and drinking places rose by 38,000 over the month. Job growth in the food services industry averaged 25,000 per month over the prior 12 months.
 
Retail trade employment increased by 29,000 in April. The industry added an average of 21,000 jobs per month over the prior 12 months. In April, job growth occurred in general merchandise stores (+15,000) and in health and personal care stores (+5,000).
 
Health care added 19,000 jobs in April. Within the industry, employment rose in ambulatory health care services (+14,000). Over the prior 12 months, job growth in health care averaged 24,000 per month. In April, employment also continued its upward trend in social assistance (+7,000).
 
Employment changed little over the month in construction, with small offsetting movements in the residential and nonresidential components. Construction gained an average of 27,000 jobs per month over the prior 6 months. Manufacturing employment was unchanged in April.
 
The change in total nonfarm payroll employment for February was revised from +268,000 to +332,000, and the change for March was revised from +88,000 to +138,000. With these revisions, employment gains in February and March combined were 114,000 higher than previously reported.

BLS | Nuno Fontes | nuno@tradingeconomics.com
5/3/2013 1:32:22 PM