“…Labor Force Participation and Number of Employed People Fall; Unemployment Rate Holds at 3.6%”
May 6, 2022
“Non-farm payrolls added 428,000 jobs in April, in line with the the consensus estimate of around 400,000, the Labor Department’s Bureau of Labor Statistics reported on Friday.
The number of employed people fell to 158,105,000, a decrease of 353,000 from the prior month. But the number of unemployed people — those who have actively looked for work in the prior four weeks and are currently available for work — also dropped by 11,000 to 5,941,000.
The April unemployment rate held steady at 3.6 percent, the same low rate as it was in March. But the labor force participation rate is moving in the wrong direction…”