Saturday, May 7, 2022

US Jobs Report April 2022

By BLS 5/7/22 

https://www.bls.gov/news.release/pdf/empsit.pdf

The monthly jobs report shows jobs added in 2021 and 2022 by month

428000 in April 2022

431000 in March 2022

678000 in February 2022

467000 in January 2022

199000 in December 2021

210000 in November 2021

531000 in October 2021

194000 in September 2021

235000 in August 2021

943000 in July 2021

850000 in June 2021

559,000 in May 2021

278,000 in April 2021 

785,000 in March 2021

379,000 in February 2021

49,000 in January 2021

6,555,000 total

The US jobs deficit for January 2021 was 9.5 million minus 6.555 million jobs added = 2.945 million deficit.

Total nonfarm payroll employment increased by 428,000 in April 2022 and the unemployment rate remained at 3.6%. The number of unemployed persons remained at 6.0 million.

Professional and business services jobs increased by 41,000 in April. Jobs are up by 738,000 since February 2020.

Financial jobs increased by 35000 in April. Employment in financial activities is 71,000 jobs above its February 2020 level.

Health care jobs increased by 34,000 in April but is down by 250,000 since February 2020.

Construction jobs did not increase in April. Employment in construction is 8,000 higher than in February 2020.

Mining jobs increased by 9000 in April. Mining employment is 73,000 higher than in January 2019.

Transportation and warehousing jobs increased by 52,000 jobs in April. Jobs are up by 674,000 jobs since February 2020.

Manufacturing jobs increased by 55000 in April.

Manufacturing employment is 56,000 below its February 2020 level.

The other services repair jobs did not increase in April. Employment in other services remains 317,000 lower than in February 2020.

Wholesale jobs increased by 22000 in April.  Employment in wholesale trade is 57,000 lower than in February 2020.

Retail jobs increased by 29,000 in April.  Retail jobs are up by 284,000 since February 2020.

Leisure and hospitality jobs increased by 78,000 in April.  Jobs are down by 1.4 Million since February 2020.

Public Education jobs did not increase in April and is down by 306,000 since February 2020.

Information jobs did not increase in April. Employment in information is down by 122,000 since February 2020.

Personal Care jobs did not increase in April. Social Assistance care jobs are 126,000 below February 2020 levels

https://www.bls.gov/news.release/pdf/empsit.pdf

In February 2020 the US Jobs Deficit was 9.5 million.  US Unemployment by industry has deficits since February 2020.

Industry      June   Sept  Oct    Dec   Feb   Mar    Apr

Hospitality  2.2M  1.6M  1.4M  0.6M 1.5M 1.5M  1.4M

Prof & Bus 632K  385K  215K  35K+596k+734k 738k

Mfg            481K  353K  270K  219K178k  128k    56k

Construct   238K  201K  150K  88K   11k   +8k     +8k

Mining       110K   93K    87K    81K   62k   62k    +73k

Healthcare 508K  524K  460K  450K 306k 298k   250k

Public Sch 582K  504K  575K  575K 306k 306k   306k

Pvt Schls   255K  172K  148K  148K 148k 148k   148k

SocialAsst 236K  204K  204K  204K 152k 126k   126k

Media/Info 193K  108K  122K  122K 122k 122k   122k

Tran Whse 94K  +75K +149K+218K+584k+608k+674k

Wholesale 192K  159K  158K  129K  113k 113k    57k

Other Svc  297K  189K  169K   169K  317k 317k 317k

Retail         303K  202K  140K  176K  104k 278k  284k

Totals        6.3M   4.6M   4.9M  4.3M  3.8M 3.6M  2.9M

https://www.bls.gov/news.release/pdf/empsit.pdf

https://www.bls.gov/news.release/empsit.nr0.htm

The Employment Situation-August 2021 (bls.gov)

Comments

The US Jobs deficit was 9.5 million in January 2021. This is the shortfall between jobs held in February 2020.

Over 2 million illegal immigrants entered the US since January 2021. I expect they will take government welfare in addition to food service, landscaping, construction and drug cartel jobs. Afghan refugees could exceed 100,000.

The US Labor Force Participation Rate 2021-2022

%     2021- 2022

62.2 April

62.4 March

62.3 February

62.2 January 2022

61.9 December

61.8 November

61.6 October

61.6 September 

61.7 August 

61.7 July

61.6 June

61.6 May

61.7 April

61.5 March

61.4 February

61.4 January 2021

https://tradingeconomics.com/united-states/labor-force-participation-rate

Norb Leahy, Dunwoody GA Tea Party Leader

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