Unemployment Rate Nears 10%

The U.S. unemployment rate is now at 9.9%.

The U.S. unemployment rate is now at 9.9%, according to today’s U.S. Bureau of Labor Statistics report. The rate had been 9.7% for the first 3 months of this year.


Yet, 290,000 jobs were added in April. The Labor Department cites that the job increases came in manufacturing, professional and business services, health care and leisure and hospitality. Federal government employment also rose, reflecting continued hiring of temporary workers for Census 2010.

Since December, nonfarm payroll employment has expanded by 573,000, with 483,000 jobs added in the private sector. The vast majority of job growth occurred during the last two months.

Average hourly earnings by all private nonfarm employees increased by 1 cent to $22.47 in April. Over the past 12 months, average hourly earnings have increased by 1.6%. In April, average hourly earnings of private-sector production and nonsupervisory employees increased by 5 cents to $18.96.


For More Information
Read the entire report




You can e-mail Sara Schafer at sschafer@farmjournal.com.

The Packer logo (567x120)
Related Stories
Today’s market is evolving, not just correcting, according to ag economists. To win the long game, farmers are using generics and delaying machinery purchases as trade shifts to allies and consumers demand premium meat portions.
As the farm share of the food dollar hits historic lows, new USDA data reveals a widening gap between the grocery aisle and the farm gate.
As production costs skyrocket and retail giants consolidate, growers struggle to maintain margins in an imbalanced supply chain.
Read Next
Following a record-breaking $3.8 billion year in retail sales, the U.S. Highbush Blueberry Council is looking to a pivotal July USDA referendum to sustain its massive market momentum and combat rising industry pressures.
Get Daily News
GET MARKET ALERTS
Get News & Markets App