6,346,000: Number of Unemployed at 17-Year Low

By Susan Jones | May 4, 2018 | 8:47am EDT
(Photo: Labor Department)

(CNSNews.com) – Not since May 2001, 17 years ago, has the number of unemployed Americans been this low.

In April, the Labor Department's Bureau of Labor Statistic counted 6,346,000 people as unemployed.  And the number of employed Americans (155,181,000) in April remained near the record high (155,215,000) set this past February.

The number of employed women 16 and over broke another record in April, at 72,569,000, up from the record 72,548,000 in March.

Also in April, the unemployment rate dropped to 3.9 percent, a 17-year low, and down from 4.8 percent when Donald Trump took office. The unemployment rate for African-Americans 16 and over hit a record low of 6.6 percent last month.

President Trump, anticipating the April employment report before it came out on Friday, tweeted:  “Because Jobs in the U.S. are doing so well, Americans receiving unemployment aid is the lowest since 1973. Great!”

The Labor Department on Thursday reported that claims for unemployment benefits are at their lowest four-week average in 45 years.

In April, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 257,272,000. Of those, 161,527,000 participated in the labor force by either holding a job or actively seeking one.

The 161,527,000 who participated in the labor force equaled 62.8 percent of the 257,272,000 civilian noninstitutionalized population.

That 62.8 percent participation rate hasn’t budged more than a few percentage points either way since Trump took office.

The economy added 164,000 jobs in April.  After revisions, job gains have averaged 208,000 over the last 3 months.

Other findings:

Among the major worker groups, the unemployment rate for adult women decreased to 3.5 percent in April. The jobless rates for adult men (3.7 percent), teenagers (12.9 percent), Whites (3.6 percent), Blacks (6.6 percent), Asians (2.8 percent), and Hispanics (4.8 percent) showed little or no change over the month.

In April, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $26.84. Over the year, average hourly earnings have increased by 67 cents, or 2.6 percent.

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