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United States

Report | United States Employment Update - April 2016


​Despite continued uncertainty regarding energy and resource prices, pullbacks in global capital and instability in emerging markets, the U.S. labor market has remained largely unscathed. March's 215,000 new jobs represented consistent, albeit slightly slower, employment growth, while a further improvements in labor force participation bumped unemployment up by 10 basis points to 5.0 percent. At the industry level, however, performance was more mixed, with goods-producing sectors in particular noting a contraction in employment. Other indicators demonstrate mixed results as well, with consumer confidence and initial unemployment claims becoming increasingly wobbly, which will likely be the case for the remainder of 2016.

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