April Household Employment Jumps by +120,000

It won't receive as much attention as the nonfarm payroll employment data (-563,000 jobs), but the more comprehensive measure of employment (household data) showed an increase of 120,000 jobs in April (see Tables A and A-1 in today's report) to 141,007,000. As the chart above shows, April marked the first monthly job gain in a year, and follows 11 consecutive months of job losses.

Update on the difference between payroll and household employment: "Both the payroll and household surveys are needed for a complete picture of the labor market. The payroll survey provides a highly reliable gauge of monthly change in nonfarm payroll employment. The household survey provides a broader picture of employment including agriculture and the self employed." Read more here from the BLS.

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April Household Employment Jumps by +120,000

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