Unemployment For April Down To 8.1 Percent

By: KKTV
By: KKTV

The unemployment rate continues to go down.

For the second straight month, national unemployment numbers have dropped, going from 8.2 in March to 8.1 in April, the Department of Labor announced Friday. This follows an overall trend since September 2011: unemployment rates have dropped every month since then except for February, when the rate remained the same as January.

This is the lowest unemployment has been since January 2009.

According to an Associated Press survey of 32 leading economists, it's quite possible that the unemployment rate will drop below 8 percent before November.

Despite the drop in unemployment, hiring did slow down in April; 115,000 jobs were added last months, down from the upwardly revised 154,000 jobs in March and far fewer than the 200,000 jobs added December-February.

This falls in line with prediction economists surveyed made, saying despite optimism about the unemployment rate, they didn't see hiring in 2012 keeping the same brisk pace of the first couple of months.

Job gains in March and April averaged 135,000; the average per month must be at least 125,000 just to keep up with population growth--twice that number is necessary to significantly reduce the unemployment rate.

The Labor Department says there are some indicators that hiring in May will be at a relatively healthy level: the number of people seeking unemployment benefits fell last week to the lowest level in a year, while hiring jumped in the manufacturing industry.

The job market has a long way to go to dig itself out of the hole caused by the recession: of 8.8 million jobs lost, only 3.7 million have been added back.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Common Sense Location: C/S on May 4, 2012 at 03:36 PM
    The reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.
  • by real truth on May 4, 2012 at 10:48 AM
    Unemployment =people who want to have job(work) are not working. All other definitions like ran out of benefits, under employed are fixed for political gain. Tell the Truth.
  • by Rose Landis Location: Colorado Springs on May 4, 2012 at 09:51 AM
    Unemployment is still at record levels. 1) People have given up looking for a job 2) People have run out of unemployment benefits which is where these numbers come from. 3) Handicapped people who ran out of unemployment benefits are now drawing social security disability at an all time record level 4) People have taken temporary jobs and now don't qualify for benefits. Let's start a grass roots effort all across the country to contact Washington and let them know how many of us are still unemployed in spite of the numbers!!!
  • by @carma on May 4, 2012 at 08:41 AM
    If u think employers pay for all of your unemployment. You are the one that is dumber than a box of rocks..true the funding mostly come from state and fed tax the employer pays but, its not enough to cover all that are unemployed..so congress votes on extra funding for extensions.(that extra funding will come from taxes that are paid for by contributing members of society).
    • reply
      by Don on May 4, 2012 at 10:02 AM in reply to @carma
      Calling someone "dumber than a box of rocks" only highlights your ignorance.
  • by carma on May 4, 2012 at 08:15 AM
    When the reports come out about less people out of work it is a lie! Thousands ran out of unemployment which means there was no more money for them to receive in April, those people did not stop receiving unemployment because out of the blue jobs opened up, THERE WAS NO MONEY LEFT. Those reports are so wrong!
  • by Read and... on May 4, 2012 at 07:23 AM
    learn: http://portalseven.com/employment/unemployment_rate_u6.jsp
  • by sara Location: cs on May 4, 2012 at 07:20 AM
    Thanks, Nath! Only had 2 cups of java this a.m., but your figures do make sense.
  • by The real... on May 4, 2012 at 07:18 AM
    U6 rate is thus approximately 19%. Does washington think we are stupid?
  • by Yet... on May 4, 2012 at 07:15 AM
    People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981...is the Government cooking the books?
  • by Nath Location: Colo Spgs on May 4, 2012 at 07:11 AM
    8.1% times two equals the 22 plus million unemployed or under employed that make up the U-6 number. Even half that (11million) would be too many. And even with these numbers, the green card mill keeps printing and issuing them at the rate of one million per year. Half of American college grads can't find a job as many large corporations give green card holders preference in hiring. U.S. population in 1970 was 200 million. U.S. population now about 312 million, a 64% increase in just 42 years. Quality of life trending down, pollution trending up. Crime trending up. Illegals still coming in, even with the economy in the condition it's in.
  • Page:
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 150149075 - kktv.com/a?a=150149075
Gray Television, Inc.