5,824,000: Number of Unemployed Americans Hits 19-Year Low

By Susan Jones | May 3, 2019 | 8:48am EDT
President Donald Trump speaks to auto workers at the American Center for Mobility March 15, 2017 in Ypsilanti, Michigan, where he discussed his priorities of bolstering the manufacturing industry and reducing the outsourcing of American jobs. (Photo by Bill Pugliano/Getty Images)

(CNSNews.com) - Not since 2000 has the number of unemployed Americans been this low.

That drop -- to 5,824,000 in April from 6,211,000 in March -- helped lower the nation's unemployment rate two-tenths of a point to 3.6 percent, the lowest rate since 1969.

The Bureau of Labor statistics counts people as unemployed if they do not have a job, have actively looked for work in the past four weeks, and are currently available for work.

However, not everyone who is jobless is unemployed. A growing number, including retirees, are counted as not in the labor force, meaning they are not working and are not looking for a job. That number increased by 646,000 last month to 96,223,000.

The number of employed Americans, which has set 18 records so far in the Trump presidency, dropped slightly  in April to 156,645,000 from 156,748,000 in March.

The economy added a strong 230,000 jobs last month, beating analysts' estimates of +190,000.

But the labor force participation rate dropped two tenths of a point to 62.8 percent, below the Trump-era high of 63.2 percent.

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 258,693,000. Of those, 162,470,000 participated in the labor force by either holding a job or actively seeking one.

The 162,470,000 who participated in the labor force equaled 62.8 percent of the 258,693,000 civilian noninstitutionalized population.

Among the major worker groups, the unemployment rates declined in April for adult men (3.4 percent), adult women (3.1 percent), Whites (3.1 percent), Asians (2.2 percent), and Hispanics (4.2 percent). The jobless rates for teenagers (13.0 percent) and Blacks (6.7 percent) showed little or no change.

The Hispanic unemployment rate has never been this low.

In April, average hourly earnings for all employees on private nonfarm payrolls rose by 6 cents to $27.77. Over the year, average hourly earnings have increased by 3.2 percent.

The change in total nonfarm payroll employment for February was revised up from +33,000 to +56,000, and the change for March was revised down from +196,000 to +189,000. With these revisions, employment gains in February and March combined were 16,000 more than previously reported.

 

 

 

 

 

 

 

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