US Payrolls Rise More Than Expected in April


Total nonfarm payroll employment increased by 288K in April. Employment growth was widespread, led by gains in professional and business services, retail trade, food services and drinking places, and construction.

Professional and business services added 75,000 jobs in April. Employment in this industry had increased by an average of 55,000 per month over the prior 12 months. In April, employment growth continued in temporary help services (+24,000), in management of companies and enterprises (+12,000), and in computer systems design and related services (+9,000).

Retail trade employment rose by 35,000 in April. Over the past 12 months, employment in this industry has grown by 327,000. Employment rose in food services and drinking places (+33,000), about in line with its prior 12-month average gain of 28,000 per month.

In April, employment in construction grew by 32,000, with job growth in heavy and civil engineering construction (+11,000) and residential building (+7,000). Construction has added 189,000 jobs over the past year, with almost three-fourths of the gain occurring in the past 6 months.  

The change in total nonfarm payroll employment for February was revised from +197,000 to +222,000, and the change for March was revised from +192,000 to +203,000. With these revisions, employment gains in February and March were 36,000 higher than previously reported.

US Payrolls Rise More Than Expected in April


BLS | Nuno Fontes | nuno@tradingeconomics.com
5/2/2014 1:38:22 PM