Wednesday, November 11, 2026Mortgage news · Rates & market context

Jobs · ORIGINAL ECONOMIC RELEASE

April 2000 Employment Situation

Employment rose in April, and the unemployment rate edged down to 3.9 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Nonfarm payroll employment increased by 340,000; this includes 73,000…

Historical releaseThe figures below describe the original reporting period. They are not today’s rates or a current economic forecast.Today’s market brief →

THE PRIMARY SOURCE

Read the release

Original source →

Historical release narrative reproduced from the official public-domain source. Statistical tables, standard technical appendices, administrative material and attendance rosters are omitted; formatting is adapted for reading. Figures retain the release's historical context and may have been revised. Consult the linked source for the complete document.

Employment rose in April, and the unemployment rate edged down to 3.9 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Nonfarm payroll employment increased by 340,000; this includes 73,000 temporary workers added to assist with the decennial census. Average hourly earnings rose by 6 cents in April and by 3.8 percent over the year.

Unemployment (Household Survey Data)

The unemployment rate, which has been below 4.2 percent since October, edged down to 3.9 percent in April. This is the first time the rate has been below 4.0 percent since January 1970. The jobless rate for Hispanics decreased to 5.4 percent in April. The unemployment rates for the other major worker groups--adult men (3.2 percent), adult women (3.5 percent), teenagers (12.7 percent), whites (3.5 percent), and blacks (7.2 percent)-- were about unchanged over the month. The number of unemployed persons was 5.5 million. (See tables A-1 and A-2.)

Total Employment and the Labor Force (Household Survey Data)

The civilian labor force increased by 363,000 over the month to 141.2 million. The labor force participation rate was 67.5 percent, little changed from March. (See table A-1.)

Total employment rose by 547,000 in April to 135.7 million. The employment-population ratio--the proportion of the population age 16 and older with jobs--increased to 64.9 percent, a record high.

About 7.7 million workers (not seasonally adjusted) held more than one job in April, about the same as a year earlier. These multiple jobholders represented 5.7 percent of total employment. (See table A-10.)

Persons Not in the Labor Force (Household Survey Data)

About 1.2 million persons (not seasonally adjusted) were marginally attached to the labor force in April. These people wanted and were available to work and had looked for a job sometime in the prior 12 months. They were not counted as unemployed, however, because they had not actively searched for work in the 4 weeks preceding the survey. The number of discouraged workers was 330,000, up from 245,000 a year earlier. Discouraged workers, a subset of the marginally attached, were not currently looking for work specifically because they believed no jobs were available for them. (See table A-10.)

Industry Payroll Employment (Establishment Survey Data)

Nonfarm payroll employment rose by 340,000 in April to 131.1 million. This follows an increase of 458,000 (as revised) in March. Job gains in both months reflect, in part, the hiring of temporary workers for Census 2000--117,000 in March and 73,000 in April. Among private-sector industries, large job gains occurred in services and retail trade in April, while construction employment declined. (See table B-1.)

Employment in the services industry grew by 121,000 in April, in line with its average monthly gain for the prior 12 months. Business services added 55,000 jobs in April, following a similarly strong gain in March. Within business services, help supply services added 46,000 jobs over the month, bringing its total gain since January to 94,000. Employment in computer services grew by 8,000; while still adding jobs at a rapid pace, the industry has experienced smaller employment gains since August 1999. Motion pictures rebounded from losses in the prior 2 months by adding 9,000 jobs. Employment also rose over the month in amusement and recreation services and in hotels. Engineering and management services employment showed little change in April.

Retail trade added 119,000 jobs in April. The largest employment gains were in eating and drinking places (80,000) and food stores (20,000). Eating and drinking places had shown virtually no change in employment during the first quarter of the year; employment in food stores has had almost no growth for several years. Building materials and garden supplies stores lost 8,000 jobs in April, following an above-average gain in March. Employment in wholesale trade was little changed in April.

Transportation added 27,000 jobs over the month, with the largest increases in trucking and warehousing, local and interurban transit, and transportation services. The gain of 10,000 jobs in trucking follows relatively weak growth in the first quarter.

Finance, insurance, and real estate employment was up by 7,000 in April. In finance, security brokerages added 8,000 jobs, while employment declines continued in mortgage brokerages. Since May 1999, mortgage brokerages have lost 33,000 jobs. In April, employment in both insurance and real estate was about unchanged.

Government added 107,000 jobs in April, largely due to the hiring of an additional 73,000 temporary workers by the federal government for Census 2000. Employment in local education increased by 33,000 in April, after seasonal adjustment, following little growth in the first quarter.

In the goods-producing sector, construction employment declined by 55,000 in April, seasonally adjusted, following a substantial rise in March. Because the March survey reference period was relatively late in the month, some of the spring hiring that usually occurs between March and April was captured in March this year instead of April. Taking March and April together, construction employment rose by an average of 18,000 a month.

Manufacturing employment was up by 11,000 in April, following a somewhat larger loss in March (after adjustment for the return of 15,000 workers from strike). In April, the largest employment increase was in electrical equipment (8,000), which has added 21,000 jobs thus far in 2000. Fabricated metals and food products each added 5,000 jobs in April. Aircraft manufacturing employment continued on its downward trend with the loss of 4,000 jobs.

Mining added 4,000 jobs, as employment in oil and gas extraction continued to rise. Since its most recent low point in August 1999, oil and gas employment has grown by 20,000.

Weekly Hours (Establishment Survey Data)

The average workweek for production or nonsupervisory workers on private nonfarm payrolls edged up by 0.1 hour in April to 34.6 hours, seasonally adjusted. The manufacturing workweek increased by 0.4 hour to 42.1 hours. Manufacturing overtime rose by 0.3 hour to 4.9 hours. (See table B-2.)

The index of aggregate weekly hours of production or nonsupervisory workers on private nonfarm payrolls increased by 0.5 percent to 151.5 (1982=100), seasonally adjusted. The manufacturing index was up by 1.1 percent to 107.2. (See table B-5.)

Hourly and Weekly Earnings (Establishment Survey Data)

Average hourly earnings of production or nonsupervisory workers on private nonfarm payrolls rose by 6 cents in April to $13.64, seasonally adjusted. Over the month, average weekly earnings increased by 0.7 percent to $471.94. Over the year, average hourly earnings rose by 3.8 percent and average weekly earnings grew by 4.4 percent. (See table B-3.)

Source: U.S. Bureau of Labor Statistics · Original release May 5, 2000.

Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.

MortgageRates.news analysis · Historical context

The mortgage market around this release

This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.

Read beyond one jobs number

The Employment Situation combines two surveys: establishment data measure payroll jobs, hours and earnings, while household data measure people’s employment status and the unemployment rate. A payroll-job change and an unemployment-rate change therefore answer different questions. Check the reference period, participation and revisions alongside the headline. Labor-market conditions inform the policy outlook, but a later mortgage-rate change can reflect many developments; this calendar window cannot identify the report as its cause. BLS Employment Situation tables and technical notes.

Nearest published observation on or before each target date
Benchmark30 days earlierApr 5, 2000Publication referenceMay 5, 200030 days laterJun 4, 2000
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®8.23%Observed 8.28%Observed +5 bps vs. earlier reference8.54%Observed +26 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the TreasuryUnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.

Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.

Six months around publication

Feb 5, 2000 – Aug 5, 2000
Historical mortgage and Treasury observations around May 5, 2000Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.8.00%8.50%9.00%Publication date30-year fixed mortgage: 8.36% · Feb 11, 200030-year fixed mortgage: 8.38% · Feb 18, 200030-year fixed mortgage: 8.31% · Feb 25, 200030-year fixed mortgage: 8.27% · Mar 3, 200030-year fixed mortgage: 8.23% · Mar 10, 200030-year fixed mortgage: 8.24% · Mar 17, 200030-year fixed mortgage: 8.23% · Mar 24, 200030-year fixed mortgage: 8.23% · Mar 31, 200030-year fixed mortgage: 8.20% · Apr 7, 200030-year fixed mortgage: 8.12% · Apr 14, 200030-year fixed mortgage: 8.16% · Apr 21, 200030-year fixed mortgage: 8.13% · Apr 28, 200030-year fixed mortgage: 8.28% · May 5, 200030-year fixed mortgage: 8.52% · May 12, 200030-year fixed mortgage: 8.64% · May 19, 200030-year fixed mortgage: 8.62% · May 26, 200030-year fixed mortgage: 8.54% · Jun 2, 200030-year fixed mortgage: 8.32% · Jun 9, 200030-year fixed mortgage: 8.22% · Jun 16, 200030-year fixed mortgage: 8.14% · Jun 23, 200030-year fixed mortgage: 8.22% · Jun 30, 200030-year fixed mortgage: 8.16% · Jul 7, 200030-year fixed mortgage: 8.09% · Jul 14, 200030-year fixed mortgage: 8.21% · Jul 21, 200030-year fixed mortgage: 8.13% · Jul 28, 200030-year fixed mortgage: 8.12% · Aug 4, 2000Feb 5, 2000May 5, 2000Aug 5, 2000
30-year fixed mortgage26 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.

What that benchmark difference would mean for a $300,000 loan

At the publication reference$2,260.13/month

8.28% · May 5, 2000

At the later reference$2,315.25/month

8.54% · Jun 2, 2000

The illustrative principal-and-interest payment is $55.12 higher per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.

Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.

Sources, historical coverage and calculation limits

The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.

Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.

Understand the policy connection →See current advertised mortgage options →