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

Jobs · ORIGINAL ECONOMIC RELEASE

April 2015 Employment Situation

Total nonfarm payroll employment increased by 223,000 in April, and the unemployment rate was essentially unchanged at 5.4 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business…

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.

Total nonfarm payroll employment increased by 223,000 in April, and the unemployment rate was essentially unchanged at 5.4 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and construction. Mining employment continued to decline.

Household Survey Data

In April, both the unemployment rate (5.4 percent) and the number of unemployed persons (8.5 million) were essentially unchanged. Over the year, the unemployment rate and the number of unemployed persons were down by 0.8 percentage point and 1.1 million, respectively. (See table A-1.)

Among the major worker groups, the unemployment rate for Asians increased to 4.4 percent. The rates for adult men (5.0 percent), adult women (4.9 percent), teenagers (17.1 percent), whites (4.7 percent), blacks (9.6 percent), and Hispanics (6.9 percent) showed little or no change in April. (See tables A-1, A-2, and A-3.)

The number of persons unemployed for less than 5 weeks increased by 241,000 to 2.7 million in April. The number of long-term unemployed (those jobless for 27 weeks or more) changed little at 2.5 million, accounting for 29.0 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has decreased by 888,000. (See table A-12.)

In April, the civilian labor force participation rate (62.8 percent) changed little. Since April 2014, the participation rate has remained within a narrow range of 62.7 percent to 62.9 percent. The employment- population ratio held at 59.3 percent in April and has been at this level since January. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed at 6.6 million in April, but is down by 880,000 from a year earlier. These individuals, who would have preferred full-time employment, 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, 2.1 million persons were marginally attached to the labor force, little changed over the year. (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 756,000 discouraged workers in April, little different from 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 for reasons such as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment rose by 223,000 in April, after edging up in March (+85,000). In April, employment increased in professional and business services, health care, and construction, while employment in mining continued to decline. (See table B-1.)

Professional and business services added 62,000 jobs in April. Over the prior 3 months, job gains averaged 35,000 per month. In April, services to buildings and dwellings added 16,000 jobs, following little change in March. Employment continued to trend up in April in computer systems design and related services (+9,000), in business support services (+7,000), and in management and technical consulting services (+6,000).

Health care employment increased by 45,000 in April. Job growth was distributed among the three major components--ambulatory health care services (+25,000), hospitals (+12,000), and nursing and residential care facilities (+8,000). Over the past year, health care has added 390,000 jobs.

Employment in construction rose by 45,000 in April, after changing little in March. Over the past 12 months, construction has added 280,000 jobs. In April, job growth was concentrated in specialty trade contractors (+41,000), with employment gains about evenly split between the residential and nonresidential components. Employment declined over the month in nonresidential building construction (-8,000).

In April, employment continued to trend up in transportation and warehousing (+15,000).

Employment in mining fell by 15,000 in April, with most of the job loss in support activities for mining (-10,000) and in oil and gas extraction (-3,000). Since the beginning of the year, employment in mining has declined by 49,000, with losses concentrated in support activities for mining.

Employment in other major industries, including manufacturing, wholesale trade, retail trade, information, financial activities, leisure and hospitality, and government, showed little change over the month.

The average workweek for all employees on private nonfarm payrolls remained at 34.5 hours in April. The manufacturing workweek for all employees edged down by 0.1 hour to 40.8 hours, and factory overtime edged down by 0.1 hour to 3.2 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.7 hours. (See tables B-2 and B-7.)

In April, average hourly earnings for all employees on private nonfarm payrolls rose by 3 cents to $24.87. Over the past 12 months, average hourly earnings have increased by 2.2 percent. Average hourly earnings of private-sector production and nonsupervisory employees edged up by 2 cents to $20.90 in April. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for February was revised from +264,000 to +266,000, and the change for March was revised from +126,000 to +85,000. With these revisions, employment gains in February and March combined were 39,000 lower than previously reported. Over the past 3 months, job gains have averaged 191,000 per month.

Source: U.S. Bureau of Labor Statistics · Original release May 8, 2015.

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 8, 2015Publication referenceMay 8, 201530 days laterJun 7, 2015
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®3.70%Observed 3.80%Observed +10 bps vs. earlier reference3.87%Observed +7 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 8, 2015 – Aug 8, 2015
Historical mortgage and Treasury observations around May 8, 2015Each 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.3.50%4.00%4.50%Publication date30-year fixed mortgage: 3.69% · Feb 12, 201530-year fixed mortgage: 3.76% · Feb 19, 201530-year fixed mortgage: 3.80% · Feb 26, 201530-year fixed mortgage: 3.75% · Mar 5, 201530-year fixed mortgage: 3.86% · Mar 12, 201530-year fixed mortgage: 3.78% · Mar 19, 201530-year fixed mortgage: 3.69% · Mar 26, 201530-year fixed mortgage: 3.70% · Apr 2, 201530-year fixed mortgage: 3.66% · Apr 9, 201530-year fixed mortgage: 3.67% · Apr 16, 201530-year fixed mortgage: 3.65% · Apr 23, 201530-year fixed mortgage: 3.68% · Apr 30, 201530-year fixed mortgage: 3.80% · May 7, 201530-year fixed mortgage: 3.85% · May 14, 201530-year fixed mortgage: 3.84% · May 21, 201530-year fixed mortgage: 3.87% · May 28, 201530-year fixed mortgage: 3.87% · Jun 4, 201530-year fixed mortgage: 4.04% · Jun 11, 201530-year fixed mortgage: 4.00% · Jun 18, 201530-year fixed mortgage: 4.02% · Jun 25, 201530-year fixed mortgage: 4.08% · Jul 2, 201530-year fixed mortgage: 4.04% · Jul 9, 201530-year fixed mortgage: 4.09% · Jul 16, 201530-year fixed mortgage: 4.04% · Jul 23, 201530-year fixed mortgage: 3.98% · Jul 30, 201530-year fixed mortgage: 3.91% · Aug 6, 2015Feb 8, 2015May 8, 2015Aug 8, 2015
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$1,397.87/month

3.80% · May 7, 2015

At the later reference$1,409.85/month

3.87% · Jun 4, 2015

The illustrative principal-and-interest payment is $11.98 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 →