ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Economy

160,000 Jobs Added in April, Unemployment Holds at 5.0 Percent

May 6, 2016
Reading Time: 1 min read

Total nonfarm payroll employment rose by 160,000 in April, down from last month’s downwardly revised total of 208,000. The national unemployment rate remained unchanged at 5.0 percent.

The services sector added 174,000 jobs, down from 184,000 in March. The majority of new service jobs were in professional and business services and healthcare, which added 65,000 and 44,000 jobs respectively. Over the past year, healthcare employment has increased by 502,000.

Goods producing industries shed 3,000 jobs in April – the second decrease in the last three months. Soft gains in construction and manufacturing were offset by a decline in the mining sector which shed 7,000 jobs during the month. Since peaking in September 2014 mining employment has fallen by 191,000. The construction industry added only 1,000 jobs in April, after adding 72,000 over the previous three months.

The civilian labor force participation rate fell slightly to 62.8 percent in April. The number of long-term unemployed, those jobless for 27 weeks or more, fell by 150,000 to 2.1 million. The number of discouraged workers, those who gave up looking for work, was 568,000, down 188,000 from a year ago.

Average hourly earnings grew by 8 cents to $25.53, following a 6 cent increase in March. Year-over-year earnings have grown by 2.5 percent.

Read the BLS release.

Tags: Employment situation
ShareTweetPin

Related Posts

Mortgage rates fall

Mortgage rates rise

Economy
July 30, 2026

The rate for a 30-year fixed-rate mortgage was 6.66% this week. The rate for a 15-year fixed-rate mortgage was 6.04%.

Banking agencies seek public input on capital standards for large banks

Banking agencies release revised compliance guide for Community Bank Leverage Ratio

Community Banking
July 30, 2026

The Federal Reserve, FDIC and OCC issued a revised compliance guide for the Community Bank Leverage Ratio framework, reflecting changes that took effect in July.

Proposed bill would block large ransomware payments by financial institutions

BIS: Bad actors have financial edge in using AI for cyberattacks

Compliance and Risk
July 30, 2026

While frontier artificial intelligence models strengthen both cyberattacks and cyber defense, the financial costs for both are “asymmetric” and may favor attackers, according to a new bulletin published by the Bank for International Settlements.

Q3 GDP expands at the fastest pace in two years

ABA DataBank: Real GDP growth slowed in 2026 Q2

Economy
July 30, 2026

ABA's economic team believes there are risks to growth including elevated interest rates and oil prices. However, strong investment in AI infrastructure and resilient consumer spending provide support to economic activity and the outlook for bank and credit...

ABA, Ohio Bankers League release ad encouraging Husted to keep fighting for Ohio families

ABA, Ohio Bankers League release ad encouraging Husted to keep fighting for Ohio families

Newsbytes
July 30, 2026

ABA and the Ohio Bankers League have released a new ad encouraging Sen. Jon Husted to continue his efforts to enact policies that help banks better serve their customers and communities and spur economic growth.

ABA DataBank: PCE inflation in line with expectations in February

ABA DataBank: PCE inflation comes in lower in June

Economy
July 30, 2026

ABA economists believe that the lower-than-expected inflation reading is a potential tailwind for the broader economy. Lower inflation supports household purchasing power which could improve credit performance and consumer loan demand.

NEWSBYTES

Mortgage rates rise

July 30, 2026

Banking agencies release revised compliance guide for Community Bank Leverage Ratio

July 30, 2026

BIS: Bad actors have financial edge in using AI for cyberattacks

July 30, 2026

SPONSORED CONTENT

Why Your Systems Keep Slowing Down — and What to Do About It

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026
A Modern Blueprint for Serving High-Net-Worth Families

A Modern Blueprint for Serving High-Net-Worth Families

May 28, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

AI Is in Your Bank. Is Your Cloud Contract Governing It?

May 20, 2026

PODCASTS

Podcast: Tactics for meaningful strategic planning

July 28, 2026

Podcast: Why it might be time to revisit a key FDIC ratio

July 23, 2026

Is Your Bank’s Wealth Business Built to Last?

July 23, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.