The Naked Truth About the April 2024 Non Farm Payroll Report

The US economy added 802K jobs in April, down from April 2023 when 948k jobs were added.

Year to date, the US economy has lost 64k jobs per month, on average.

US employment peaked in November of 2023 at 157.87 million jobs.

Job Growth for the last 12 months ending April 2024 is 1.813%.

In April 2023, job growth for the 12 trailing months was 2.488%.

Summary: Job growth continues to decline in the US.

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