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Friday, May 7, 2010

Employed... Labor Force... Unemployment Rate... All Jump

The number of individuals employed jumped in April showing signs of life in the job market (red bars in the first chart below). In addition, the number of unemployed individuals jumped (yellow bars) as people returned to the labor market (green bars).

The result in the numerator (unemployed) increasing more than the denominator (labor force) is an increase in the unemployment rate and underemployment rate.

Source: BLS