...

April 2022 Jobs Report – Bureau of Labor Statistics

by | May 11, 2022 | Bureau of Labor Job Report | 0 comments

By Kellie Lail

The Bureau of Labor Statistics has released its April 2022 Report, so let’s take a look at how employment fared over the last month.

The great news: Remaining at 3.6%, unemployment is still only a tenth of a percent away from its pre-pandemic historic low of 3.5%. The industries that garnered the largest share of the latest job gains of the 428,000 jobs added in April were leisure and hospitality, manufacturing, and transportation and warehousing. With only 5.9 million unemployed persons, we are almost back to the pre-pandemic low of 5.7 million unemployed persons.

The good news: Average hourly wages for all non-farm payroll employees rose 10 cents in April, or 0.3%. Over the last 12 months, average hourly earnings have increased by 5.5%.

The bad news: While wages have overall increased over the last year, this rate has not met the inflation rate of 7.9% in the same time period. In April, 1.7 million people reported that they were unable to work as a result of their employer closing or losing business due to the pandemic. Employment rates for members of the major worker groups (adult men, adult women, teenagers, Whites, Blacks, Asians, and Hispanics) showed little to no change throughout April.

Keep in mind: With low unemployment rates, rising inflation costs, cost of living increases, and more businesses looking to hire than unemployed persons actively looking for work, having a competitive salary and benefits package is going to set you up to best attract the candidates that you are looking for.
Key Takeaways: With unemployment remaining stagnant in April, but continuously approaching February 2020 lows and the cost of living continuing to rise, employers will need to raise wages to attract additional staff. While no single demographic saw overall employment gains last month, savvy employers should continue to review their diversity and inclusion practices to ensure they are attracting the best quality candidates from all backgrounds.

April 2024 Jobs Report – Bureau of Labor Statistics

The Bureau of Labor Statistics has released its April 2024 Report, so let’s take a look at how employment fared over the last month. The great news is:  In April, total nonfarm payroll employment increased by 175,000 people. Health care, transportation and...

March 2024 Jobs Report – Bureau of Labor Statistics

The Bureau of Labor Statistics has released its March 2024 Report, so let’s take a look at how employment fared over the last month. The great news is:  In March, total nonfarm payroll employment increased by 303,000 people. Health care, construction, and...

January 2024 Jobs Report – Bureau of Labor Statistics

The Bureau of Labor Statistics has released its January 2024 Report, so let’s take a look at how employment fared over the last month. The great news is:In January, total nonfarm payroll employment increased by 353,000 people.Health care, retail trade, professional...

November 2023 Jobs Report – Bureau of Labor Statistics

The Bureau of Labor Statistics has released its November 2023 Report, so let’s take a look at how employment fared over the last month. The great news is:  In November, total nonfarm payroll employment increased by 199,000 people. Government, manufacturing, and...

October 2023 Jobs Report – Bureau of Labor Statistics

By: Kellie Lail The Bureau of Labor Statistics has released its October 2023 Report, so let’s take a look at how employment fared over the last month. The great news is:  In October, total nonfarm payroll employment increased by 150,000 people. Government, social...

September 2023 Jobs Report – Bureau of Labor Statistics

By: Kellie Lail The Bureau of Labor Statistics has released its September 2023 Report, so let’s take a look at how employment fared over the last month. The great news is:  In September, total nonfarm payroll employment increased by 336,000 people.  Leisure...

August 2023 Jobs Report – Bureau of Labor Statistics

The Bureau of Labor Statistics has released its August 2023 Report, so let’s take a look at how employment fared over the last month. The great news is:  In August, total nonfarm payroll employment increased by 187,000 people.  In August, the labor force...

July 2023 Jobs Report – Bureau of Labor Statistics

By: Kellie Lail The Bureau of Labor Statistics has released its July 2023 Report, so let’s take a look at how employment fared over the last month. The great news is:  In July, total nonfarm payroll employment increased by 187,000 people.  The unemployment rate in...

June 2023 Jobs Report – Bureau of Labor Statistics

By: Kellie Lail The Bureau of Labor Statistics has released its June 2023 Report, so let’s take a look at how employment fared over the last month. The great news is:  In June, total nonfarm payroll employment increased by 209,000 people.  The unemployment rate in...

May 2023 Jobs Report – Bureau of Labor Statistics

By: Kellie Lail The Bureau of Labor Statistics has released its May 2023 Report, so let’s take a look at how employment fared over the last month. The great news is:  In May, total nonfarm payroll employment increased by 339,000 people.  Professional and business...