April Payrolls +165,000, 7.5% Unemployment Rate, Participation Rate Flat At 1979 Levels
Submitted by Tyler Durden on 05/03/2013 08:34 -0400

Following the March NFP disappointment, it was only reasonable to expect a modest beat in this month's data which came at +165,000, on expectations of +140,000, and following a revision to the March number from 88K to 138K. The unemployment rate declined from 7.6% to 7.5% beating, expectations of an unchanged print. The flipside, as always, is that the labor participation rate remained flat, at 63.3%, once again the lowest since 1979.



. . . "

http://www.zerohedge.com/news/2013-05-03...lat-1979-levels

Note this reporting is using the BLS's 'enhanced' accounting:
BUT MELVIN, HE'S SO HISTORIC: True Unemployment Rate Hits 23 Percent, Highest Since Great Depression

NFP: +165k, Look Inside

The Survey Says!

Zitat

---

Total nonfarm payroll employment rose by 165,000 in April, and the unemployment rate was little changed at 7.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, food services and drinking places, retail trade, and health care.

---

There were huge revisions (positive) in last month's report and the combination drove the market higher, as both were "much better than expected." Is this justified?



That's an actual uptick -- albeit right on schedule (spring hiring.) I can't find a problem there, and on-schedule we also have an uptick in the employment rate as well:



As for how screwed we are we are still bouncing around under population requirements, so while this report is "good", it's not strong.


. . ."

http://market-ticker.org/akcs-www?post=220385

Note: again this is using the BLS's 'enhanced' accounting:
BUT MELVIN, HE'S SO HISTORIC: True Unemployment Rate Hits 23 Percent, Highest Since Great Depression

Thank you for posting.