Monthly Employment Report

April’s unemployment numbers were released today. From the Wall Street Journal:

 The pace of U.S. job losses tapered off a bit last month, suggesting that while the economy remains mired in a prolonged recession, it may be finally starting to find its footing.

Nonfarm payrolls fell 539,000 in April, the U.S. Labor Department said Friday, slightly better than Wall Street expectations for a 610,000 decline, according to a Dow Jones Newswires survey.

The unemployment rate, which is calculated using a survey of households as opposed to companies, increased 0.4 percentage point to 8.9%, the highest level since September 1983.


45 Responses to “Monthly Employment Report”

  1. 1 Tanisha Econ101/Tues May 9, 2009 at 11:15 AM

    Are we starting to see the light? Maybe just a little. But our economic conditions are still bad! However, one baby step is better than nothing. There are a lot of people who still need jobs. But congrats to the ones who are getting phone calls from employers.

  2. 2 el Bouzkouri Youssef May 9, 2009 at 9:09 PM

    This Employment report actually shows that U.S economy is headed into the right direction! It is not a huge improvement, but it’s better than nothing! We saw last few weeks that the housing market is starting to pick up, so combined that with this new monthly report, you’ll see that signs of improvement are showing up!

  3. 3 Molly Jordan May 10, 2009 at 2:17 PM

    This small step doesn’t seem like much of an improvement to really talk about considering that unemployment is still expected to be a problem. The last sentence of the article sheds light on what could be another problem; the economy is not strong enough to support the workforce and with the growth rate calculated in the chances of finding and keeping a job appear to be even more dismal.

  4. 4 phanh May 10, 2009 at 6:17 PM

    its nice that its starting to get better, it may not be much improvement but it will get better in time. just people just need to give it time and it will get better for everyone

  5. 5 Tom Jones May 10, 2009 at 9:07 PM

    Hopefully now that US job losses have started to stop that now the economy can shift its way back to glory. Although the unemployment rate is the highest since September 1983, hopefully new jobs will arise in government. Even though this article begins with a bright future it ends with the highest unemployment rate in years. This seems that were going to be in a recession for a lot longer.

  6. 6 wallacej May 10, 2009 at 9:22 PM

    Although our economy is looking to find its way back on track the unemployment rate is still terrible and doesnt look like it is going to get better soon. It would be nice to see jobs open up soon and people are still losing their jobs.

  7. 7 Michael DeBoer St. Mary's May 10, 2009 at 10:12 PM

    Its a slow process. Employment will not increase over night, but again, this small improvement is where it starts. Some may say that this increase in employment is too small to make a difference but if more and more small increases continue to happen, people will then start to take notice. Again its not going to happen all at once but this is a start.

  8. 8 Nikolas Bunton May 11, 2009 at 8:40 AM

    The threat of this economic crisis, while still eminent, is seemingly more and more like the threat of the Swine Flu. I feel like this over publicized swine epidemic stirred up fear in Americans in just the same way this aging economic crisis freaked everyone out of purchasing goods and services. Not to say this economic crisis is just another American hysteria full of panic and void of the serious dangers previously associated with it, but i’ve got to admit it’s getting better, it’s getting better all the time. Even though household unemployment has risen .4% to its highest rate since 1983, the rate of job loss is slowing down and, thus, the economy is showing steady signs of stabilization. Just as SARS and the bird flu turned from heavy threats to dead worries, this economic crisis WILL eventually end. This is no Great Depression. This is just another recession, be it a large one, that will end with the natural ups and downs of the American Economy.

  9. 9 mrrodenas May 11, 2009 at 4:29 PM

    I am not sure that I can feel positive about this data. It seems like a slower pace in job losses is logical as a result of entering a less accute phase of this recession. We are still in recession, though! How can unemployed workers feel any eve about this kind of news? It is telling us that unemployment rates are at an all-time high. I think we should not read more into it than there is, but agree with a previous commentator that there is too much media histeria. If only they could stop bombarding us every five minutes with indicators that could not indicate anything, maybe the economy would not be so tight on consumption, for example.

  10. 10 Audrey Hepburn May 11, 2009 at 5:08 PM

    It is bad the unemployment rate is so high but at least we are starting to see improvement. Like the article said it will be long and hard but we need to be patient and hope the government will be able to help us out as much as possible. Hopefully things get better sooner rather than looking like getting better but not.

  11. 11 Hyo Kim May 11, 2009 at 6:58 PM

    Like the article saids, the increasing rate is the highest since september, 1983, which shows there’s a great movement on the money supply, and I hope Economy gets better as the increasing of unemployment rate.

  12. 12 Matthew Dimech Econ-101 May 12, 2009 at 2:58 PM

    Maybe i was being a little to presumptious in my previous posts on other blogs. Although people losing their jobs is lessening, unemployment still continues to rise which is unfortunate. However, we all need to keep our heads up and hope for the best. The economy has been this bad for this long you’d figure theres only one way to go from here.

  13. 13 Kelsey Ryan May 12, 2009 at 3:42 PM

    we might be in a prolonged recession, however, we can look at our current economic condition with an optimistic view. It could be worse. during the Great Depression unemployment rates were at 25 percent at one point and still took a long time to reach normal levels. we also shouldnt be naive and think that it couldnt get worse than this. so have we hit rock bottom, or could it continue getting worse and hoping that that is not the case, and that this is the worst we will see.

  14. 14 Arnulfo Solorio May 12, 2009 at 7:32 PM

    Hi all,
    This employment report is the finally light in the tunnel. It is positive and it will change a lot of people’s minds about the economy. This is also my personal feeling due to what I hear in the comunity. I hear more positive comments than negatieve ones. I also believe that the market for jobs will increase. More and more investors are willing to invest now that they also hear the economy is getting better. I am glad and hope that this was the bottom for the bad economy.

  15. 15 Brandon Ruegsegger Macro ECON (M,W,F) May 12, 2009 at 8:29 PM

    I hate to be the pessimistic one but this is hardly good news.. the unemployment rate is still over double the average and people are still losing jobs. The sharp decline was bound to level off sooner or later; it was just a matter of time. I think we’re far from digging ourselves out of this recession let alone the global financial crisis.

  16. 16 Leonardo Sanchez Econ 101 May 13, 2009 at 12:57 PM

    Atleast we are seeing some good news in this downfall economy

    tat might go upward just as fast as it went dow. Thanks to the

    employer reports we can finally see the difference how we used

    to be and we are doing now. Of course we ar doing etter but it

    will take time and money for income.

  17. 17 Courtney G. May 13, 2009 at 2:06 PM

    I agree that the economy is starting to find its footing. It is just the beginning of a very long and hard journey to become one of the strongest economies in the world.

    The unemployment rate is very unsteady right now. Some say that it might continue to decline. It is anyone’s guess right now. There could be a lot more job losses soon to come.

    Millions of people have suffered from job losses and it is not good. Hopefully it will all go away soon.

  18. 18 Lucy Hwang May 13, 2009 at 2:37 PM

    I don’t think economy is going back to the right place yet. When the Great Depression came, after few months, the stock market went up and it did look the G.D. was over. However, remember it lasts four more years.. Who knows the recession ends? I think we shouldn’t be freak out, but gotta see what’s really going on.

  19. 19 Robert LaVoy May 13, 2009 at 10:39 PM

    Its great to hear that our economy is projected to have a turn around in the foreseeable future. More importantly, its refreshing to read an article that isn’t written with a pessimistic point of view. Consumer moral directly affects our economic status, and articles such as this can only help us out.

  20. 20 Casey Kingdon May 14, 2009 at 4:07 PM

    I think that the Expectations of this bad economy is actually becoming a motivation now for people to strive to find a job. This is directly related to our economy slowly pulling out of the recession, as people are trying harder and harder to help the current situation. This makes it so that when the economy starts to get back to the long-run norm, it will bounce back strongly because people now realize what its like in hard times, and don’t want to have the same problems ever again.

  21. 21 Kevin Clark St marys Macro mwf May 14, 2009 at 8:35 PM

    Regardless of the truthfulness of this article, its good to see an optimistic point of view on the situation in the hands on an entire nation. Over the last three of or four months the market has seen a steady but slow increase in value each month. This is very positive news and we hope this trend continues as we sit in anticipation as small animals wait in a cage to be fed by their masters!!

  22. 22 tmt2 May 14, 2009 at 10:47 PM

    Its a small step but its still a step. I believe that it will take more than a year maybe 2 for this recession to be over but small signs like this are good signs. I think people will still be cautious about where they are spending their money but at least it gives some hope if anything.

  23. 23 Michelle V May 15, 2009 at 7:01 AM

    This is such good news because it seems that we are beginning to find a light at the end of the tunnel in terms of this recession. Taking baby steps will lead to bigger steps and hopefully see us out of these hard economic times. It is such good news to hear that there is less unemployment happening. This is just the thing our economy needs in order to help it thrive again.

  24. 24 tlr7 May 15, 2009 at 11:35 AM

    although, this is a very small step, and it is still such a huge problem, at least its a step in the right direction and getting back on track! We still have a long way to go, but if its baby steps that will get us out of the recession then that is what well have deal with.

  25. 25 SMCecon May 16, 2009 at 4:46 PM

    One month of slightly better numbers is not cause for celebration. Our economy has quite a ways to go before it can be considered “stabalized”. The Wall Street Journal shouldn’t try to make a big deal by printing an article that could easily turn out to be an anomely. But, on the optimistic side, I hope we have seen the worst of it and will be climbing out of this deep dark unemployment hole.

  26. 26 Robert LaVoy May 16, 2009 at 5:04 PM

    I am confident that the U.S. recession will turn around. It has to. The worlds economies rely on a strong American consumer economy. When people catch wind that things are turning around, consumption will increase and all the markets effected will start to come back.

  27. 27 Linda Villasenor May 16, 2009 at 5:35 PM

    The unemployment rate last month was only 8.5% and it increased to 8.9% which is kind of scary because we still haven’t reached the climax meaning that 8.9 could be the highest that it will be but it also could increase even more. This is why people spend less because the unemployment rate is increasing meaning that there are less people working each month.

  28. 28 nancy moussa May 17, 2009 at 9:14 AM

    Our unemployment rates have fortunatley remained steady over the past months. We keep hearing good news within short periods of time. Hopefully this pattern continues. I think our economey is on the right path for inprovment. It is just going to take a while.

  29. 29 Dennis K May 17, 2009 at 9:45 AM

    Great we finally see progress. although this isn’t a big change, it’s better than nothing and shows us a glimpse of hope. If there is a steady decrease in the next few months, we will be in good shape before we know it

  30. 30 Cole Scharton May 17, 2009 at 9:46 AM

    While these numbers seem bad, the whole percentage idea is not as impactful as if they came out and said 1 out of 11 people are unemployed. That seems much worse, and maybe that is what they are trying to avoid, saying that one out of 11 people do not have a job. This number does not seem as bad to me because I stay in close contact with my family in Fresno, CA who remind me all the time that the unemployment rate there is now close to 20%, or 1 out of 5 people. Our population is just under a million, so there are a lot of unemployed people in Fresno. I can only hope these numbers will improve soon, as laying off people will never help our economy rise again.

  31. 31 mike furlong May 17, 2009 at 3:47 PM

    The 8.9% current unemployment rate the 500,000 + jobs lost last month, although the economy is still heading in the right direction through a gradual improvement. While the government and many companies have 100,000 new jobs to employ the new population, through the increase of technology, the US economy will be able to fulfill this quota with ease. Despite the rise in the population, there will be enough jobs eventually to lower unemployment to rising labor force.

  32. 32 Simon Kudus May 17, 2009 at 7:33 PM

    Once again this is another sign of the times. This is only contributing to the decline in the economy if people don’t have job security how will they be expected to spend? The consumer confident is at all time low. You’re not going to buy a car to help bail-out the auto industry when the loan of your house is actually worth more than your house is actually worth.

  33. 33 Ally S. May 18, 2009 at 12:12 AM

    Although the pace of U.S. job is still gradual, this release shows that this recession may finally be starting to lighten up. While this report indicates that the U.S. unemployment rate in April hit an all time high, 8.9%, the pace of job losses has slowed. For instance, the labor force lost 539,000 jobs this month, which in an improvement compared to March’s 699,000 declines. Based on these numbers and the fact that there was a 72,000 rise in government jobs, it looks like things are headed in the right direction. Hopefully these numbers will continue to decline, slowly helping to bring this recession to an end.

  34. 34 Andrea Nemeth May 18, 2009 at 2:36 PM

    People will not spend any money if they are not sure if they will still have their job tomorrow. many aare still struggling to keep the things they already own. And many people i have talked to have already lost most of what they had. the idea that theres a possiblity that less people might be loosing their jobs in the future is nice but it wont change much yet because as of right now it is staying pretty much the same.

  35. 35 Leticia Martinez May 18, 2009 at 6:10 PM

    The rate at which unemployment is increasing is starting to fall which is a sign that over all, the unemployment rate will eventually stop increasing. However, the population is growing at such a high pace that even if jobs stopped laying off people, there would need to be new jobs created in order to maintain a constant level of unemployment. I fear it won’t be a long time till we see jobs being created.

  36. 36 Stephen Cassinelli May 19, 2009 at 2:04 AM

    As the unemployment rate rises, people are going to continue to save and not spent which will keep our current recession going. If the government continues to increase the a small rate of about 72000 jobs, the rest of the working economy will need to increase to number of jobs by about 100 to 125 thousand jobs at a consistent rate for us to see an improvement on our societies problem with unemployment.

  37. 37 Emily Bonzi May 19, 2009 at 10:33 AM

    The good news we keep hearing about is short term. The same thing is seen with the stock market. Anytime it is up everyone seems to be talking about it as if salvation is here. Yes, gradually with these progressive steps the economy will get back on its footing but little indicators should not be used to represent the whole. Once everything,( unemployment, the stock market, consumer spending, state and federal budgets) begin to consistently show signs of improvement then it will be time to ring the bells and dance. Until then, we are holding on tightly to whatever positivity we can in a gloomy time.

  38. 38 Rachel Sturm May 19, 2009 at 4:59 PM

    it is interesting how when in a recession we base how we behave in the market on a month by month bases. It seems that we are all too scared to go out and buy something in the months with a higher unemployment compared to a low one. The reaction to these figures is very interesting to observe and compare. I wonder how we would react as a country if we all of a sudden have low unemployment and a good housing market again after months of recession….?

  39. 39 jordan May 20, 2009 at 3:25 PM

    I still think it’s a little too soon to say that we are coming out of the current economic crisis, but the more optimistic people are about the turn around, the easier it will be to recover as a whole, I believe. We need people who are currently unemployed and not spending as much to still spend in order to keep the money coming into the smaller businesses especially. I think it’s realistic to say that we still have a long way to go but at least there is a light at the end of the tunnel now.

  40. 40 Alyssa McKinney May 20, 2009 at 7:55 PM

    There’s been a lot of people announcing that we’ve seen the end of the worst part of this recession. Could it be true? Maybe a more optimistic outlook, no matter how little the improvement actually is, will increase people’s spirits and help them return to semi normal spending habits, which would definitely help our economy.

  41. 41 Javier Ochoa May 20, 2009 at 8:17 PM

    Even though the recession is something that scares people and may be bad, I think that we will get over it. With baby steps like these we will eventually make big steps and succeed. We have to start somewhere so what a better plan is this? Even though it might not look like much, this is something that will help in the long run.

  42. 42 Mva89 May 20, 2009 at 8:22 PM

    The unemployment rate is still big, and our economical situation is still very bad. But we should be happy for every little step in the right direction. It is going to take a long time, but by taking little steps at a time we will get there. I think people are finally starting to have faith now, and that is important.

  43. 43 Craig K May 20, 2009 at 9:55 PM

    Our unemplyment rate has been a problem for years. Any small increase, or decrease in unemployment can be looked upon as a shift in the right direction, but we have a ways to go still. At 8.9%, highest since 1983, there is much to worry about. We need to see this small step in the right direction as a launching pad for a complete transformation.

  44. 44 Claudio Ramirez May 26, 2009 at 2:23 PM

    Who can say how accurate this article is but at this point i would say being an optomistic isnt should a bad idea especially during a recession and the state of our economy. The American people need hope and if it hasnt hit rock buttom yet, it sure as hell feels like it n u cant go much longer, theres only one way to go and thats up.

  45. 45 quique May 26, 2009 at 10:19 PM

    it is great that our economy is starting to get back on its own feet. even though they are small steps, some steps are better than none. Right? maybe this is a sign that we are doing things right.

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