National Jobs Report: April 2012
On May 4th, the government published the April jobs report listing the creation of 115,000 jobs. The unemployment rate was unchanged at 8.1 percent. Sectors that saw an uptick in jobs created included professional and business services (+62,000), retail trade (+29,000), and health care (+19,000). Transportation and warehousing saw a decline in hiring and actually lost 17,000 jobs in the month of April. Despite the increase in jobs created, there are still at least 12.5 million people out of work.
Among the unemployed, there were 5.1 million people categorized as long-term unemployed. These people have been jobless for more than 27 weeks.
2.4 million people were marginally attached to the labor force. These people have not searched for work in the past 12 months preceding the current survey. Of the 2.4 million, 968,000 were classified as discouraged workers. Discouraged workers are defined as persons that have given up looking for work because they believe that no jobs are available for them. They have not actively looked for work in the past 4 weeks preceding the survey.