No. 805: April Employment and Unemployment, Money Supply M3
Negative Economic Conditions Traditionally
Weigh Heavily Against the Incumbent Party Holding the White House
Payroll and Unemployment Details Showed
Some Catch-Up in Heavily Distorted Reporting
Annual Payroll Growth Fell to a 23-Month Low
April Payroll Gain of 160,000 Jobs Was Heavily Overstated;
Full-Time Employed Dropped by 253,000 (-253,000) with
Total Employed Declining by 316,000 (-316,000)
Participation Rate and Employment-Population Ratio Declined
April 2016 Unemployment Rates Were Little Changed:
U.3 at 5.0%, U.6 at 9.7% and ShadowStats at 22.9%
Annual M3 Growth Held at 3.9% in April 2016