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Economy adds 115,000 Jobs in April

According to the Friday, May 4th, 8:30 A.M. release by the Bureau of Labor Statistics, Non farm employment rose by 115,000 jobs in April of 2012.

According to the bureau, “employment increased in professional and business services, retail trade and health care, but declined in transportation and warehousing. The unemployment rate was little changed at 8.1%, also little changed was the number of unemployed persons at 12.5 million.”

Further, the number of long term unemployed, which is defined as those that have been looking for work for 27 weeks or longer, was little changed at 5.1 million in April.  The percentage of long term unemployed made up 41.3% of the total unemployed. In a positive sign, the number of long term unemployed for the year fell by 759,000.