{"id":56571,"date":"2018-04-06T08:31:16","date_gmt":"2018-04-06T15:31:16","guid":{"rendered":"http:\/\/69.46.6.243\/?p=56571"},"modified":"2018-04-06T08:31:16","modified_gmt":"2018-04-06T15:31:16","slug":"economy-added-just-103000-jobs-in-march-unemployment-holds-at-4-1-labor-participation-rate-62-9","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=56571","title":{"rendered":"Economy Added Just 103,000 Jobs in March, Unemployment Holds at 4.1% & Labor Participation Rate 62.9%"},"content":{"rendered":"

Washington, DC….Total nonfarm payroll employment edged up by 103,000 in March, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in manufacturing, health care, and mining. Household Survey Data…In March, the unemployment rate was 4.1 percent for the sixth consecutive month, and the number of unemployed persons, at 6.6 million, changed little. Among the major worker groups, the unemployment rates for adult men (3.7 percent), adult women (3.7 percent), teenagers (13.5 percent), Whites (3.6 percent), Blacks (6.9 percent), Asians (3.1 percent), and Hispanics (5.1 percent) showed little or no change in March. The labor force participation rate, at 62.9 percent, changed little in March, and the employment-population ratio held at 60.4 percent.<\/p>\n

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At 1.3 million, the number of long-term unemployed (those jobless for 27 weeks or
\nmore) was little changed in March and accounted for 20.3 percent of the unemployed.
\nOver the year, the number of long-term unemployed was down by 338,000. (See table
\nA-12.)<\/p>\n

The number of persons employed part time for economic reasons (sometimes referred
\nto as involuntary part-time workers) was little changed at 5.0 million in March.
\nThese individuals, who would have preferred full-time employment, were working part
\ntime because their hours had been reduced or because they were unable to find full-
\ntime jobs. (See table A-8.)<\/p>\n

In March, 1.5 million persons were marginally attached to the labor force, little
\ndifferent from a year earlier. (The data are not seasonally adjusted.) These
\nindividuals were not in the labor force, wanted and were available for work, and
\nhad looked for a job sometime in the prior 12 months. They were not counted as
\nunemployed because they had not searched for work in the 4 weeks preceding the survey.
\n(See table A-16.)<\/p>\n

Among the marginally attached, there were 450,000 discouraged workers in March,
\nessentially unchanged from a year earlier. (The data are not seasonally adjusted.)
\nDiscouraged workers are persons not currently looking for work because they believe
\nno jobs are available for them. The remaining 1.0 million persons marginally attached
\nto the labor force in March had not searched for work for reasons such as school
\nattendance or family responsibilities. (See table A-16.)<\/p>\n

Establishment Survey Data<\/p>\n

Total nonfarm payroll employment edged up by 103,000 in March, following a large
\ngain in February (+326,000). In March, employment grew in manufacturing, health
\ncare, and mining. (See table B-1.)<\/p>\n

In March, employment in manufacturing rose by 22,000, with all of the gain in the
\ndurable goods component. Employment in fabricated metal products increased over
\nthe month (+9,000). Over the year, manufacturing has added 232,000 jobs; the durable
\ngoods component accounted for about three-fourths of the jobs added.<\/p>\n

In March, health care added 22,000 jobs, about in line with its average monthly
\ngain over the prior 12 months. Employment continued to trend up over the month in
\nambulatory health care services (+16,000) and hospitals (+10,000). <\/p>\n

Employment in mining increased by 9,000 in March, with gains occurring in support
\nactivities for mining (+6,000) and in oil and gas extraction (+2,000). Mining
\nemployment has risen by 78,000 since a recent low in October 2016.<\/p>\n

Employment in professional and business services continued to trend up in March
\n(+33,000) and has risen by 502,000 over the year. <\/p>\n

Retail trade employment changed little in March (-4,000), after increasing by
\n47,000 in February. In March, employment declined by 13,000 in general merchandise
\nstores, offsetting a gain of the same size in February. Over the year, employment
\nin retail trade has shown little net change.<\/p>\n

In March, employment in construction also changed little (-15,000), following a
\nlarge gain in February (+65,000). <\/p>\n

Employment changed little over the month in other major industries, including
\nwholesale trade, transportation and warehousing, information, financial activities,
\nleisure and hospitality, and government.<\/p>\n

The average workweek for all employees on private nonfarm payrolls was unchanged
\nat 34.5 hours in March. In manufacturing, the workweek edged down by 0.1 hour to
\n40.9 hours; overtime edged down by 0.1 hour to 3.6 hours. The average workweek for
\nproduction and nonsupervisory employees on private nonfarm payrolls edged down by
\n0.1 hour to 33.7 hours. (See tables B-2 and B-7.)<\/p>\n

In March, average hourly earnings for all employees on private nonfarm payrolls
\nrose by 8 cents to $26.82. Over the year, average hourly earnings have increased
\nby 71 cents, or 2.7 percent. Average hourly earnings for private-sector production
\nand nonsupervisory employees increased by 4 cents to $22.42 in March. (See tables
\nB-3 and B-8.)<\/p>\n

The change in total nonfarm payroll employment for January was revised down from
\n+239,000 to +176,000, and the change for February was revised up from +313,000 to
\n+326,000. With these revisions, employment gains in January and February combined
\nwere 50,000 less than previously reported. (Monthly revisions result from additional
\nreports received from businesses and government agencies since the last published
\nestimates and from the recalculation of seasonal factors.) After revisions, job gains
\nhave averaged 202,000 over the last 3 months.<\/p>\n

_____________
\nThe Employment Situation for April is scheduled to be released on
\nFriday, May 4, 2018, at 8:30 a.m. (EDT).<\/p>\n