The U.S. economy added 115,000 jobs in April, and the unemployment rate ticked down to 8.1%, per the Bureau of Labor and Statistics.
The change in total nonfarm employment was revised in February from +240,000 to +259,000 (+19,000), and revised in March from +120,000 to +154,000 (+34,000).
Meanwhile, the number of long-term unemployed was little changed at 5.1 million in April, and labor force participation rate fell to 63.6 percent, the lowest level since 1981.
Igor Bobic is the assistant editor of Talking Points Memo, helping oversee the site’s coverage of politics and policy in Washington. While originally from Bosnia and Herzegovina, Igor feels best at home on the beaches of Southern California. He can be reached at firstname.lastname@example.org.