April Unemployment Data

The Department of Labor released its April unemployment report today and, overall, it was a good one.  The unemploymetn rate went down a tenth of a percent, to 7.5% on an increase of 165,000 last month.  The revised numbers for the past two months were also quite good, with an overall increase of 114,000 jobs.  And the rate wentdown despite an additional 210,000 entering the job market last month.  The job increases were also broadly spread out with only construction and government (yet again) showing job losses.