Posted May 5, 2023

Little change in U.S. unemployment 

Total nonfarm payroll employment rose by 253,000 in April, and the unemployment rate changed little at 3.4%, the U.S. Bureau of Labor Statistics reported today.

Employment continued to trend up in professional and business services, health care, leisure and hospitality, and social assistance.

Both the unemployment rate, at 3.4%, and the number of unemployed persons, at 5.7 million, changed little in April. The unemployment rate has ranged from 3.4% to 3.7% since March 2022.

Among the major worker groups, the unemployment rates for adult men (3.3%), adult women (3.1%), teenagers (9.2%), Whites (3.1%), Blacks (4.7%), Asians (2.8%), and Hispanics (4.4%) showed little or no change in April.

The number of job losers and persons who completed temporary jobs decreased by 307,000 in April to 2.6 million.

The number of persons jobless less than five weeks decreased by 406,000 to 1.9 million in April. The number of long-term unemployed (those jobless for 27 weeks or more) changed
little over the month at 1.2 million and accounted for 20.6% of the total
unemployed. Both the labor force participation rate, at 62.6%, and the employment-population ratio, at 60.4%, were unchanged in April. These measures remain below their pre-pandemic February 2020 levels (63.3% and 61.1%, respectively).

The number of persons employed part time for economic reasons, at 3.9 million, was
little changed in April. These individuals, who would have preferred full-time
employment, were working part time because their hours had been reduced or they were
unable to find full-time jobs.

The number of persons not in the labor force who currently want a job increased by
346,000 over the month to 5.3 million. These individuals were not counted as unemployed
because they were not actively looking for work during the 4 weeks preceding the survey
or were unavailable to take a job.

View more details here.