My guess was pretty close: 539,000 jobs were lost in April. The unemployment rate moved higher, 8.9% for April as well.
My forecast was a loss of 557,000. I will note the following:
- February job loss was reported to be 651,000: revised to a loss of 681,000
- March job loss was reported to be 663,000: revised to a loss of 699,000
This marks the 16th consecutive month of job losses and the 6th straight month of losses of at least 500,000 jobs. Since and including the December, 2007 report, the economy has lost 5,697,000 jobs.
3 comments:
don't forget , this number would be higher by about 70,000 if not for the govt. hiring that many census workers.
Indeed, Census hiring will continue to add to the BLS report in coming months. The estimate is about 1.2 million jobs. Of course, this is not a great career track....
This report also shows that our economy is back to the same number of jobs that it had in late 2004. Of course, the nation's debt burden is not where it was in late 2004...
Update: 1.4 million jobs will be added for the census
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