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Industry Report

Retail, Transportation & Warehousing and Healthcare drive job growth in April 2024

April 2024 Jobs Report

Total Non-Farm payroll employment increased by 175,000 in April, and the unemployment rate changed little at 3.9 percent. Job gains occurred in health care, in social assistance, and in transportation and warehousing. Both the unemployment rate, at 3.9 percent, and the number of unemployed people, at 6.5 million, changed little in April. The unemployment rate has remained in a narrow range of 3.7 percent to 3.9 percent since August 2023.

The number of long-term unemployed (those jobless for 27 weeks or more), at 1.3 million, was essentially unchanged in April. The long-term unemployed accounted for 19.6 percent of all unemployed people. In April, the number of people not in the labor force who currently want a job, at 5.6 million, was little changed. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job.

Total Jobs Added*

(* Non-Farm Jobs Only)

Unemployment Rate

( No change since March )

USA Industry-Specific Updates
– March 2024

(+) Means Jobs Added MoM (-) Means Jobs Decreased MoM

+20,000

Retail

General merchandise +10,000
Building material and others +7,000
Health and personal retailers 5,000
Electronics and appliances +3,000

+9,000

Construction

Average job growth in the last 12 months +22,000 per month

+56,000

Healthcare

Ambulatory health care +33,000
Hospitals +14,000
Nursing and residential +9,000

+22,000

Transportation and Warehousing

Couriers +8,000
Warehousing +8,000

+8,000

Government

Average job per month growth over 12 months +55,000

Other Sectors

Social assistance +31,000

In April, average hourly earnings for all employees on private nonfarm payrolls increased by 7 cents, or 0.2 percent, to $34.75. Over the past 12 months, average hourly earnings have increased by 3.9 percent. In April, average hourly earnings of private-sector production and nonsupervisory employees edged up by 6 cents, or 0.2 percent, to $29.83.

Source: The US Bureau of Labor Statistics

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