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

Jobs · ORIGINAL ECONOMIC RELEASE

April 2016 Employment Situation

Total nonfarm payroll employment increased by 160,000 in April, and the unemployment rate was unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health…

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

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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.

Total nonfarm payroll employment increased by 160,000 in April, and the unemployment rate was unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and financial activities. Job losses continued in mining.

Household Survey Data

In April, the unemployment rate held at 5.0 percent, and the number of unemployed persons was little changed at 7.9 million. Both measures have shown little movement since August. (See table A-1.)

Among the major worker groups, the unemployment rate for Hispanics increased to 6.1 percent in April, while the rates for adult men (4.6 percent), adult women (4.5 percent), teenagers (16.0 percent), Whites (4.3 percent), Blacks (8.8 percent), and Asians (3.8 percent) showed little or no change. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more) declined by 150,000 to 2.1 million in April. These individuals accounted for 25.7 percent of the unemployed. (See table A-12.)

In April, the labor force participation rate decreased to 62.8 percent, and the employment-population ratio edged down to 59.7 percent. (See table A-1.)

The number of persons employed part time for economic reasons (also referred to as involuntary part-time workers) was about unchanged in April at 6.0 million and has shown little movement since November. 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, 1.7 million persons were marginally attached to the labor force, down by 400,000 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 568,000 discouraged workers in April, down by 188,000 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 1.1 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 increased by 160,000 in April. Over the prior 12 months, employment growth had averaged 232,000 per month. In April, employment gains occurred in professional and business services, health care, and financial activities, while mining continued to lose jobs. (See table B-1.)

Professional and business services added 65,000 jobs in April. The industry added an average of 51,000 jobs per month over the prior 12 months. In April, job gains occurred in management and technical consulting services (+21,000) and in computer systems design and related services (+7,000).

In April, health care employment rose by 44,000, with most of the increase occurring in hospitals (+23,000) and ambulatory health care services (+19,000). Over the year, health care employment has increased by 502,000.

Employment in financial activities rose by 20,000 in April, with credit intermediation and related activities (+8,000) contributing to the gain. Financial activities has added 160,000 jobs over the past 12 months.

Mining employment continued to decline in April (-7,000). Since reaching a peak in September 2014, employment in mining has decreased by 191,000, with more than three-quarters of the loss in support activities for mining.

Employment in other major industries, including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, leisure and hospitality, and government, showed little or no change over the month.

The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.5 hours in April. The manufacturing workweek and overtime remained unchanged at 40.7 hours and 3.3 hours, respectively. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was up by 0.1 hour to 33.7 hours. (See tables B-2 and B-7.)

In April, average hourly earnings for all employees on private nonfarm payrolls increased by 8 cents to $25.53, following an increase of 6 cents in March. Over the year, average hourly earnings have risen by 2.5 percent. In April, average hourly earnings of private-sector production and nonsupervisory employees increased by 5 cents to $21.45. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for February was revised from +245,000 to +233,000, and the change for March was revised from +215,000 to +208,000. With these revisions, employment gains in February and March combined were 19,000 less than previously reported. Over the past 3 months, job gains have averaged 200,000 per month.

Source: U.S. Bureau of Labor Statistics · Original release May 6, 2016.

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 6, 2016Publication referenceMay 6, 201630 days laterJun 5, 2016
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®3.71%Observed 3.61%Observed −10 bps vs. earlier reference3.66%Observed +5 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury1.76%Observed 1.79%Observed +3 bps vs. earlier reference1.71%Observed −8 bps vs. publication reference

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 6, 2016 – Aug 6, 2016
Historical mortgage and Treasury observations around May 6, 2016Each 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.1.00%2.50%4.00%Publication date30-year fixed mortgage: 3.65% · Feb 11, 201630-year fixed mortgage: 3.65% · Feb 18, 201630-year fixed mortgage: 3.62% · Feb 25, 201630-year fixed mortgage: 3.64% · Mar 3, 201630-year fixed mortgage: 3.68% · Mar 10, 201630-year fixed mortgage: 3.73% · Mar 17, 201630-year fixed mortgage: 3.71% · Mar 24, 201630-year fixed mortgage: 3.71% · Mar 31, 201630-year fixed mortgage: 3.59% · Apr 7, 201630-year fixed mortgage: 3.58% · Apr 14, 201630-year fixed mortgage: 3.59% · Apr 21, 201630-year fixed mortgage: 3.66% · Apr 28, 201630-year fixed mortgage: 3.61% · May 5, 201630-year fixed mortgage: 3.57% · May 12, 201630-year fixed mortgage: 3.58% · May 19, 201630-year fixed mortgage: 3.64% · May 26, 201630-year fixed mortgage: 3.66% · Jun 2, 201630-year fixed mortgage: 3.60% · Jun 9, 201630-year fixed mortgage: 3.54% · Jun 16, 201630-year fixed mortgage: 3.56% · Jun 23, 201630-year fixed mortgage: 3.48% · Jun 30, 201630-year fixed mortgage: 3.41% · Jul 7, 201630-year fixed mortgage: 3.42% · Jul 14, 201630-year fixed mortgage: 3.45% · Jul 21, 201630-year fixed mortgage: 3.48% · Jul 28, 201630-year fixed mortgage: 3.43% · Aug 4, 201610-year Treasury: 1.75% · Feb 8, 201610-year Treasury: 1.74% · Feb 9, 201610-year Treasury: 1.71% · Feb 10, 201610-year Treasury: 1.63% · Feb 11, 201610-year Treasury: 1.74% · Feb 12, 201610-year Treasury: 1.78% · Feb 16, 201610-year Treasury: 1.81% · Feb 17, 201610-year Treasury: 1.75% · Feb 18, 201610-year Treasury: 1.76% · Feb 19, 201610-year Treasury: 1.77% · Feb 22, 201610-year Treasury: 1.74% · Feb 23, 201610-year Treasury: 1.75% · Feb 24, 201610-year Treasury: 1.71% · Feb 25, 201610-year Treasury: 1.76% · Feb 26, 201610-year Treasury: 1.74% · Feb 29, 201610-year Treasury: 1.83% · Mar 1, 201610-year Treasury: 1.84% · Mar 2, 201610-year Treasury: 1.83% · Mar 3, 201610-year Treasury: 1.88% · Mar 4, 201610-year Treasury: 1.91% · Mar 7, 201610-year Treasury: 1.83% · Mar 8, 201610-year Treasury: 1.90% · Mar 9, 201610-year Treasury: 1.93% · Mar 10, 201610-year Treasury: 1.98% · Mar 11, 201610-year Treasury: 1.97% · Mar 14, 201610-year Treasury: 1.97% · Mar 15, 201610-year Treasury: 1.94% · Mar 16, 201610-year Treasury: 1.91% · Mar 17, 201610-year Treasury: 1.88% · Mar 18, 201610-year Treasury: 1.92% · Mar 21, 201610-year Treasury: 1.94% · Mar 22, 201610-year Treasury: 1.88% · Mar 23, 201610-year Treasury: 1.91% · Mar 24, 201610-year Treasury: 1.89% · Mar 28, 201610-year Treasury: 1.81% · Mar 29, 201610-year Treasury: 1.83% · Mar 30, 201610-year Treasury: 1.78% · Mar 31, 201610-year Treasury: 1.79% · Apr 1, 201610-year Treasury: 1.78% · Apr 4, 201610-year Treasury: 1.73% · Apr 5, 201610-year Treasury: 1.76% · Apr 6, 201610-year Treasury: 1.70% · Apr 7, 201610-year Treasury: 1.72% · Apr 8, 201610-year Treasury: 1.73% · Apr 11, 201610-year Treasury: 1.79% · Apr 12, 201610-year Treasury: 1.77% · Apr 13, 201610-year Treasury: 1.80% · Apr 14, 201610-year Treasury: 1.76% · Apr 15, 201610-year Treasury: 1.78% · Apr 18, 201610-year Treasury: 1.79% · Apr 19, 201610-year Treasury: 1.85% · Apr 20, 201610-year Treasury: 1.88% · Apr 21, 201610-year Treasury: 1.89% · Apr 22, 201610-year Treasury: 1.91% · Apr 25, 201610-year Treasury: 1.94% · Apr 26, 201610-year Treasury: 1.87% · Apr 27, 201610-year Treasury: 1.84% · Apr 28, 201610-year Treasury: 1.83% · Apr 29, 201610-year Treasury: 1.88% · May 2, 201610-year Treasury: 1.81% · May 3, 201610-year Treasury: 1.79% · May 4, 201610-year Treasury: 1.76% · May 5, 201610-year Treasury: 1.79% · May 6, 201610-year Treasury: 1.77% · May 9, 201610-year Treasury: 1.77% · May 10, 201610-year Treasury: 1.73% · May 11, 201610-year Treasury: 1.75% · May 12, 201610-year Treasury: 1.71% · May 13, 201610-year Treasury: 1.75% · May 16, 201610-year Treasury: 1.76% · May 17, 201610-year Treasury: 1.87% · May 18, 201610-year Treasury: 1.85% · May 19, 201610-year Treasury: 1.85% · May 20, 201610-year Treasury: 1.84% · May 23, 201610-year Treasury: 1.86% · May 24, 201610-year Treasury: 1.87% · May 25, 201610-year Treasury: 1.83% · May 26, 201610-year Treasury: 1.85% · May 27, 201610-year Treasury: 1.84% · May 31, 201610-year Treasury: 1.85% · Jun 1, 201610-year Treasury: 1.81% · Jun 2, 201610-year Treasury: 1.71% · Jun 3, 201610-year Treasury: 1.73% · Jun 6, 201610-year Treasury: 1.72% · Jun 7, 201610-year Treasury: 1.71% · Jun 8, 201610-year Treasury: 1.68% · Jun 9, 201610-year Treasury: 1.64% · Jun 10, 201610-year Treasury: 1.62% · Jun 13, 201610-year Treasury: 1.62% · Jun 14, 201610-year Treasury: 1.60% · Jun 15, 201610-year Treasury: 1.57% · Jun 16, 201610-year Treasury: 1.62% · Jun 17, 201610-year Treasury: 1.67% · Jun 20, 201610-year Treasury: 1.71% · Jun 21, 201610-year Treasury: 1.69% · Jun 22, 201610-year Treasury: 1.74% · Jun 23, 201610-year Treasury: 1.57% · Jun 24, 201610-year Treasury: 1.46% · Jun 27, 201610-year Treasury: 1.46% · Jun 28, 201610-year Treasury: 1.50% · Jun 29, 201610-year Treasury: 1.49% · Jun 30, 201610-year Treasury: 1.46% · Jul 1, 201610-year Treasury: 1.37% · Jul 5, 201610-year Treasury: 1.38% · Jul 6, 201610-year Treasury: 1.40% · Jul 7, 201610-year Treasury: 1.37% · Jul 8, 201610-year Treasury: 1.43% · Jul 11, 201610-year Treasury: 1.53% · Jul 12, 201610-year Treasury: 1.48% · Jul 13, 201610-year Treasury: 1.53% · Jul 14, 201610-year Treasury: 1.60% · Jul 15, 201610-year Treasury: 1.59% · Jul 18, 201610-year Treasury: 1.56% · Jul 19, 201610-year Treasury: 1.59% · Jul 20, 201610-year Treasury: 1.57% · Jul 21, 201610-year Treasury: 1.57% · Jul 22, 201610-year Treasury: 1.58% · Jul 25, 201610-year Treasury: 1.57% · Jul 26, 201610-year Treasury: 1.52% · Jul 27, 201610-year Treasury: 1.52% · Jul 28, 201610-year Treasury: 1.46% · Jul 29, 201610-year Treasury: 1.51% · Aug 1, 201610-year Treasury: 1.55% · Aug 2, 201610-year Treasury: 1.55% · Aug 3, 201610-year Treasury: 1.51% · Aug 4, 201610-year Treasury: 1.59% · Aug 5, 2016Feb 6, 2016May 6, 2016Aug 6, 2016
30-year fixed mortgage26 observations10-year Treasury126 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$1,365.62/month

3.61% · May 5, 2016

At the later reference$1,374.07/month

3.66% · Jun 2, 2016

The illustrative principal-and-interest payment is $8.45 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.

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