Job growth rebounded to 164,000 in April, unemployment edged down to 3.9 percent

Total nonfarm payroll employment increased by 164,000 in April, and the unemployment rate edged down to 3.9 percent, due mostly to the labor force shrinking by 236,000 as Baby Boomers step up retirement. Job gains occurred in professional and business services, manufacturing, health care, and mining.

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March job growth dips to 103,000, unemployment rate unchanged at 4.1 percent

Total nonfarm payroll employment edged up by 103,000 in March, and the unemployment rate was unchanged at 4.1 percent.   This was the lowest rate of job growth since September 2017. Employment increased in manufacturing, health care, and mining.

The labor force participation rate, at 62.9 percent, changed little in March, and the employment-population ratio held at 60.4 percent.

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BuilderBytes' MetroIntelligence Economic Update for 12/10/12

Please click here to see the edition of BuilderBytes for 12/10/12 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Nonfarm employment rose by 146,000 in November as unemployment rate edged down to 7.7%
• Consumer confidence dips in early December due to uncertainty about 'fiscal cliff.'
• Initial unemployment claims fall by 25,000 in latest report following temporary increase due to Hurricane Sandy
• Mortgage applications rise by 4.5% in latest survey, although purchase loans remain flat

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