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In reply to the discussion: U.S. payrolls rose by 178,000 in March, more than expected; unemployment at 4.3% [View all]
progree
(13,006 posts)Last edited Sun Apr 5, 2026, 06:32 PM - Edit history (1)
1. "Yes, the April jobs report released Friday "
It was the March jobs report. (Yes, a trivial error)
2. The graph is labelled "on private nonfarm payrolls"
No, that graph and that 178,000 jobs number is all nonfarm payrolls, not private nonfarm payrolls --
see https://www.democraticunderground.com/10143643223#post47 above for the numbers and links. Where CNBC made the same mistake (first pointed out by Wiz Imp) Yes, it's not a big difference.
3. "But over the last six months, job growth has averaged just 89,000 per month – weak sauce by any measure. "
It's not an average 89,000 jobs per month, it's 89,000 total over the 6 months, which is 14,833/month average. Again #47 above has the numbers and the links
4. "And a large part of the reason the overall unemployment rate fell to 4.3% is because 400,000 people exited the workforce entirely."
That's true. I just want to mention here is what's even worse is that the labor force fell by 1,408,000 over the past 3 months -- yes an astonishing 1.4 million over 3 months. I mention that in https://www.democraticunderground.com/10143643223#post48 above
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