April Job Growth Beats Projections by 32%

The April jobs report is out today, and it's good news. The overall growth figures beat expectations by 32%, with the private sector creating 268,000 jobs instead of the projected 200,000. The net job growth was 244,000 as state and local governments (mostly local governments) eliminated 24,000 jobs. The unemployment rate ticked up, however, to 9% as more of the previously discouraged, unemployed workers entered the improving job market.

Here's the famous "bikini graph" after the April numbers:


Not only did April's numbers beat projections by 32%, or by 68,000 jobs, the numbers from the previous two months were also revised up and employment in every sector rose, lead by retail and manufacturing.
In addition to the increases last month, payroll survey estimates of private sector job growth for February (now +261,000) and March (now +231,000) were revised up. Overall payroll employment rose by 244,000 in April, well above market expectations. Payroll employment grew in almost every sector. Solid employment increases occurred in retail trade (+57,100), professional and business services (+51,000), education and health services (+49,000), leisure and hospitality (+46,000), and manufacturing (+29,000). Manufacturing has added 244,000 jobs in the last 14 months, the best period of manufacturing job growth in 13 years. State and local government experienced a decline of 22,000; this sector has shed 289,000 jobs in the past 14 months, mostly in local government.
Whoa. The best period of manufacturing jobs grown in 13 years? That's something to think about. It means America is starting to make things again - yeah, remember when we did that? Of course, Republican governors and members of state legislatures are at the forefront of cutting public sector employees like teachers, public safety officers, firefighters and people who keep your streets clean. The only drag on job creation, no wonder, comes from right wing insistence that the way to growing the economy is eliminating more essential public jobs. Or something like that.

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