US Jobless Rate Steady at 5%


Unemployment rate in the United States was recorded at 5 percent in April 2016, unchanged from the March rate, as more people dropped out of the labor force while the number of unemployed persons was little changed at 7.9 million. The labor force participation rate fell for the first time since September.

Among the major worker groups, the unemployment rate for Hispanics increased to 6.1 percent in April, while the rates for adult men (4.6 percent), adult women  (4.5 percent), teenagers (16.0 percent), Whites (4.3 percent), Blacks (8.8 percent),  and Asians (3.8 percent) showed little or no change. 

The number of long-term unemployed (those jobless for 27 weeks or more) declined  by 150,000 to 2.1 million. These individuals accounted for 25.7 percent  of the unemployed. 

The labor force participation rate decreased to 62.8 percent and the employment-population ratio edged down to 59.7 percent.

The number of persons employed part time for economic reasons (also referred to as involuntary part-time workers) was about unchanged at 6.0 million and has shown little movement since November. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. 

There were 1.7 million persons were marginally attached to the labor force, down by 400,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. Among the marginally attached, there were 568,000 discouraged workers in April, down by 188,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.1 million persons marginally attached to the labor force in April had not searched for work for reasons such as school attendance or family responsibilities.

US Jobless Rate Steady at 5%


BLS | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/6/2016 1:43:48 PM