The government released its closely-watched employment report for April. While the unemployment rate ticked down to 8.1 percent, only 115,000 new jobs were added to payrolls for the month, well below forecasts.
Unemployment fell slightly last month, but the numbers don't tell the whole story. Not counted: the number of people who have given up looking for work.
The unemployment rate fell to 8.1 percent while the jobs added was a bit lower than previous months. But what can we find when we scratch the surface of the April unemployment report?
In just a little while, we'll hear the latest on how many people were forced to sign up for unemployment benefits. But how's the job market doing if you actually ask people?
The number of people signing up for unemployment benefits rose by 13,000 over the last week — a surprise and not a good one. But more people voluntarily leaving their jobs can also be a good sign for the economy.
There was one tiny bright spot to March's unemployment report: 164,000 fewer people were looking for work. One particular demographic that has dropped out of the search — Baby Boomers who are choosing to retire prematurely.
After news that Sony is cutting 6 percent of its workforce and that the U.S. economy only added 120,000 jobs last month, the future doesn't look bright — but a bigger picture shows it's all just part of a slow recovery.