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

Jobs · ORIGINAL ECONOMIC RELEASE

April 2012 Employment Situation

Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail…

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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.

(NOTE: Data published in this release for women employees in the Government and Total nonfarm industries are erroneous. Errors are found in Summary table B and table B-5. Additional information is available at www.bls.gov/bls/ceswomen_usps.htm.)

Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care, but declined in transportation and warehousing.

Household Survey Data

Both the number of unemployed persons (12.5 million) and the unemployment rate (8.1 percent) changed little in April. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.5 percent), adult women (7.4 percent), teenagers (24.9 percent), whites (7.4 percent), and Hispanics (10.3 percent) showed little or no change in April, while the rate for blacks (13.0 percent) declined over the month. The jobless rate for Asians was 5.2 percent in April (not seasonally adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks and over) was little changed at 5.1 million in April. These individuals made up 41.3 percent of the unemployed. Over the year, the number of long-term unemployed has fallen by 759,000. (See table A-12.)

The civilian labor force participation rate declined in April to 63.6 percent, while the employment-population ratio, at 58.4 percent, changed little. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged in April at 7.9 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)

In April, 2.4 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 968,000 discouraged workers in April, about the same as a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.4 million persons marginally attached to the labor force in April had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment rose by 115,000 in April. This increase followed a gain of 154,000 in March and gains averaging 252,000 per month for December to February. In April, employment rose in professional and business services, retail trade, and health care. Transportation and warehousing lost jobs over the month. (See table B-1.)

Employment in professional and business services increased by 62,000 in April. Since a recent low point in September 2009, employment in this industry has grown by 1.5 million. In April, employment in temporary help services edged up by 21,000. Employment grew in architectural and engineering services (+7,000) and in computer systems design and related services (+7,000).

Retail trade employment rose by 29,000 over the month. General merchandise stores added 21,000 jobs in April but has shown no definitive trend in recent months. Employment in building material and garden supply stores continued to trend up; the industry has added 19,000 jobs since December.

Health care continued to add jobs (+19,000) in April. Within the industry, employment in ambulatory health care services, which includes home health care and offices of physicians, rose by 15,000.

Within leisure and hospitality, employment in food services and drinking places continued to trend up (+20,000) in April. Since February 2010, food services and drinking places has added 576,000 jobs.

Manufacturing employment continued to trend up (+16,000) in April, with job growth in fabricated metal products (+6,000) and machinery (+5,000). Since its most recent employment low in January 2010, manufacturing has added 489,000 jobs, largely in durable goods manufacturing.

Transportation and warehousing lost 17,000 jobs in April, with employment declines in transit and ground passenger transportation (-11,000) and in couriers and messengers (-7,000).

Employment in other major industries, including mining and logging, construction, wholesale trade, information, financial activities, and government changed little in April.

The average workweek for all employees on private nonfarm payrolls was unchanged at 34.5 hours in April. The manufacturing workweek edged up by 0.1 hour to 40.8 hours, and factory overtime rose by 0.1 hour to 3.4 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.8 hours. (See tables B-2 and B-7.)

In April, average hourly earnings for all employees on private nonfarm payrolls rose by 1 cent to $23.38. Over the past 12 months, average hourly earnings have increased by 1.8 percent. In April, average hourly earnings of private-sector production and nonsupervisory employees rose by 3 cents to $19.72. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for February was revised from +240,000 to +259,000, and the change for March was revised from +120,000 to +154,000.

Source: U.S. Bureau of Labor Statistics · Original release May 4, 2012.

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 4, 2012Publication referenceMay 4, 201230 days laterJun 3, 2012
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®3.99%Observed 3.84%Observed −15 bps vs. earlier reference3.75%Observed −9 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 4, 2012 – Aug 4, 2012
Historical mortgage and Treasury observations around May 4, 2012Each 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.3.00%3.75%4.50%Publication date30-year fixed mortgage: 3.87% · Feb 9, 201230-year fixed mortgage: 3.87% · Feb 16, 201230-year fixed mortgage: 3.95% · Feb 23, 201230-year fixed mortgage: 3.90% · Mar 1, 201230-year fixed mortgage: 3.88% · Mar 8, 201230-year fixed mortgage: 3.92% · Mar 15, 201230-year fixed mortgage: 4.08% · Mar 22, 201230-year fixed mortgage: 3.99% · Mar 29, 201230-year fixed mortgage: 3.98% · Apr 5, 201230-year fixed mortgage: 3.88% · Apr 12, 201230-year fixed mortgage: 3.90% · Apr 19, 201230-year fixed mortgage: 3.88% · Apr 26, 201230-year fixed mortgage: 3.84% · May 3, 201230-year fixed mortgage: 3.83% · May 10, 201230-year fixed mortgage: 3.79% · May 17, 201230-year fixed mortgage: 3.78% · May 24, 201230-year fixed mortgage: 3.75% · May 31, 201230-year fixed mortgage: 3.67% · Jun 7, 201230-year fixed mortgage: 3.71% · Jun 14, 201230-year fixed mortgage: 3.66% · Jun 21, 201230-year fixed mortgage: 3.66% · Jun 28, 201230-year fixed mortgage: 3.62% · Jul 5, 201230-year fixed mortgage: 3.56% · Jul 12, 201230-year fixed mortgage: 3.53% · Jul 19, 201230-year fixed mortgage: 3.49% · Jul 26, 201230-year fixed mortgage: 3.55% · Aug 2, 2012Feb 4, 2012May 4, 2012Aug 4, 2012
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$1,404.71/month

3.84% · May 3, 2012

At the later reference$1,389.35/month

3.75% · May 31, 2012

The illustrative principal-and-interest payment is $15.37 lower 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.

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