US employers adds 175,000 jobs, rate falls to 7.5%

Irrational exuberance, Part Deux???

Not bad, the participation rate stayed constant as well. Better than dropping again more. I'll take it.

:minivictories:

Nowhere near the White House's projected figures per month but I mean, I seriously doubt anybody in the administration even thought that was possible.

quote:

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Any truth to it being a ton of part-time <30 hours a week?

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Oh yea, there is a large amount of underemployment in the labor force. Even weekly hours worked dropped 0.2 hours this month. You'll see that even more with the implementation of ObamaCare, employers would just much rather raise hourly pay and drop hours so they fall under the minimum required to provide healthcare. Lower costs for the already cash strapped companies.

Yep, good point. A +50k revision to March.

April ISM released.

Business Activity Index at 55%
New Orders Index at 54.5%
Employment Index at 52%

"The NMI™ registered 53.1 percent in April, 1.3 percentage points lower than the 54.4 percent registered in March. This indicates continued growth at a slightly slower rate in the non-manufacturing sector. The Non-Manufacturing Business Activity Index registered 55 percent, which is 1.5 percentage points lower than the 56.5 percent reported in March, reflecting growth for the 45th consecutive month. The New Orders Index decreased by 0.1 percentage point to 54.5 percent, and the Employment Index decreased 1.3 percentage points to 52 percent, indicating growth in employment for the ninth consecutive month. The Prices Index decreased 4.7 percentage points to 51.2 percent, indicating prices increased at a slower rate in April when compared to March. According to the NMI™, 14 non-manufacturing industries reported growth in April. Respondents' comments remain mostly positive about business conditions. Cost management and revenue pressures are areas of concern for many of the respective companies."