Equitable Growth’s Jobs Day Graphs: April 2019 Report Edition

Earlier this morning, the U.S. Bureau of Labor Statistics released new data on the U.S. labor market during the month of April. Below are five graphs compiled by Equitable Growth staff highlighting important trends in the data.

1.

The employment rate for prime-age workers declined slightly in April, but remains on its upward trajectory as the unemployment rate reaches its lowest level in almost 50 years.

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2.

Wage growth is approaching healthy levels, with a 3.2% year-over-year increase in average hourly earnings as of April.

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3.

There was an increase in the amount of workers who entered their jobs from being out of the labor force in April, demonstrating how a tight labor market brings in people left out of the labor market.

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4.

An increasing proportion of unemployed are reentrants to the labor force, signaling confidence about job prospects.

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5.

Fewer workers are working part-time involuntarily, while those who are working part-time by their own choice has changed little.

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