The latest federal unemployment data for April is hot off the presses from the U.S. Bureau of Labor Statistics.
Here are a few key takeaways you need to know:
- Federal unemployment now stands at 8.1 percent, down from 8.2 percent in March.
- 115,000 jobs were added to the economy — particularly in professional and business services, retail trade, and health care.
- Men had an unemployment rate of 7.5 percent while women carried a 7.4 percent figure.
- The unemployment rates for blacks stood at 13 percent, Hispanics (10.3 percent), whites (7.4 percent), and Asians (5.2 percent).
The economy is doing ok. It’s not the greatest, but we have seen worse. Trust that you’ll see Democrats and Republicans spin these numbers every way from here to Thy Kingdom Come for the next month to make it fit their respective political narratives.
I will say that the economy “feels” a bit better than in years past. It’s not perfect, but I’m personally seeing people I know hired at a better clip and more fluid job transitions. It also seems as if companies want to spend a little more. It’s always a wait-and-see game with the economy.
Note that state-level data comes later in the month. The May figures will for the U.S. are set for release on June 1.
ANSWER IN THE COMMENTS SECTION BELOW:
In general, are you feeling confident or hesitant about the U.S. economy?