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Posted by: thepinetree on 04/06/2018 08:34 AM Updated by: thepinetree on 04/06/2018 08:34 AM
Expires: 01/01/2023 12:00 AM
:

Economy Added Just 103,000 Jobs in March, Unemployment Holds at 4.1% & Labor Participation Rate 62.9%

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.




At 1.3 million, the number of long-term unemployed (those jobless for 27 weeks or
more) was little changed in March and accounted for 20.3 percent of the unemployed.
Over the year, the number of long-term unemployed was down by 338,000. (See table
A-12.)

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

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

Among the marginally attached, there were 450,000 discouraged workers in March,
essentially unchanged from a year earlier. (The data are not seasonally adjusted.)
Discouraged workers are persons not currently looking for work because they believe
no jobs are available for them. The remaining 1.0 million persons marginally attached
to the labor force in March had not searched for work for reasons such as school
attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment edged up by 103,000 in March, following a large
gain in February (+326,000). In March, employment grew in manufacturing, health
care, and mining. (See table B-1.)

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

In March, health care added 22,000 jobs, about in line with its average monthly
gain over the prior 12 months. Employment continued to trend up over the month in
ambulatory health care services (+16,000) and hospitals (+10,000).

Employment in mining increased by 9,000 in March, with gains occurring in support
activities for mining (+6,000) and in oil and gas extraction (+2,000). Mining
employment has risen by 78,000 since a recent low in October 2016.

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

Retail trade employment changed little in March (-4,000), after increasing by
47,000 in February. In March, employment declined by 13,000 in general merchandise
stores, offsetting a gain of the same size in February. Over the year, employment
in retail trade has shown little net change.

In March, employment in construction also changed little (-15,000), following a
large gain in February (+65,000).

Employment changed little over the month in other major industries, including
wholesale trade, transportation and warehousing, information, financial activities,
leisure and hospitality, and government.

The average workweek for all employees on private nonfarm payrolls was unchanged
at 34.5 hours in March. In manufacturing, the workweek edged down by 0.1 hour to
40.9 hours; overtime edged down by 0.1 hour to 3.6 hours. The average workweek for
production and nonsupervisory employees on private nonfarm payrolls edged down by
0.1 hour to 33.7 hours. (See tables B-2 and B-7.)

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

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

_____________
The Employment Situation for April is scheduled to be released on
Friday, May 4, 2018, at 8:30 a.m. (EDT).





 



Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
No Subject
Posted on: 2018-04-06 08:43:53   By: Anonymous
 
I love the color of ORANGE !!

[Reply ]

No Subject
Posted on: 2018-04-06 08:46:37   By: Anonymous
 
Obama lovers I thought those jobs are gone!

[Reply ]

    Re:
    Posted on: 2018-04-06 09:18:18   By: Anonymous
     
    I question your comprehension skills there, Skippy. This is lackluster at best and more workers have stopped looking for a job.

    [Reply ]

      Re:
      Posted on: 2018-04-06 09:49:38   By: Anonymous
       
      Stop looking for work under Obama watch ! Chewie

      [Reply ]

        Re: Truth Prevails
        Posted on: 2018-04-06 10:38:06   By: Anonymous
         
        Sadly, people were so depressed under Obama's Hopeless Change that many turned to drugs. The Opiod Crisis is a clear example of this.
        Once people went down the road to drugs, they removed themselves from the labor force.
        This is the terrible legacy of Obama and Liberal policies in general.

        [Reply ]

          Re: Truth Prevails
          Posted on: 2018-04-06 11:45:35   By: Anonymous
           
          Kill Drug dealers and growers!

          [Reply ]

    Dump's Economic Policies
    Posted on: 2018-04-06 09:27:21   By: Anonymous
     
    The Mid West a once Dump bastion is now girding for economic losses due to Dump's tariff war with China. Many are seeing little change in their paychecks.
    Once again, a Democrat rescues the economy, and a stolen election gives the people an economic policy (tax cuts) that does nothing for the majority, only helps the wealthy.
    This is once again the effects of a stolen election, and the oligarchy that paid for the election theft , do well while the 99% get screwed.

    If the tariffs are implemented, and a trade war ensues, it will be very devastating, especially to the Mid West and other areas that voted for Dump.
    If a war is created as I expect it will following bush's plan, the Republican plan, we will once again see the wanton disregard for the American people, all for the profits of the few.

    [Reply ]

      Re: Dump's Economic Policies
      Posted on: 2018-04-06 10:16:36   By: Anonymous
       
      Yes, that sums it up.

      Bill Clinton left with the budget in surplus; W cut taxes and restored deficits (not to mention the expense of his wars). W was, of course appointed by the Supreme Court, not elected. Obama then saves the economy that W ruined and leaves with budget deficits decreasing. Trump is elected with a minority of the popular vote and Russia's help, cuts taxes and restores massive deficits.

      And through it all the 1 % and the 0.1 % make tons of money.

      [Reply ]

        Re: Trump's Economic Policies Work
        Posted on: 2018-04-06 10:45:20   By: Anonymous
         
        It has been widely announced that Calaveras is in the one percent.

        87% of all income taxes are paid by the top 20% earners.
        Are you whiners doing YOUR share?
        ------------$$$$$$------------

        Top 20% of Americans Will Pay 87% of Income Tax
        Households with $150,000 or more in income make up 52% of total income nationally but pay large portion of total taxes
        By Laura Saunders WSJ, April 6, 2018

        One of the least discussed parts of America’s income tax is how progressive it is, and the tax overhaul didn’t change that fact. In 2018, top earners will pay a higher share of income taxes.

        The individual income tax matters—a lot—because it is the largest single source of U.S. revenue. And its share has risen in recent years. For 2018, it could raise 50% of total federal revenue, according to estimates from Congress’s Joint Committee on Taxation, up from about 48% last year.

        So who pays what share of this tax?

        The results show how steeply progressive the U.S. income tax remains. For 2018, households in the top 20% will have income of about $150,000 or more and 52% of total income, about the same as in 2017. But they will pay about 87% of income taxes, up from about 84% last year.

        By contrast, the lower 60% of households, who have income up to about $86,000, receive about 27% of income. As a group, this tier will pay no net federal income tax in 2018 vs. 2% of it last year....

        [Reply ]

No Subject
Posted on: 2018-04-06 09:17:02   By: Anonymous
 
Coupled with Trump's game of tariff war chicken, economists view this as disappointing and the stock market has reacted accordingly. The multiple east coast winter storms and the closing of the Toy R Us/Babies R Us chain didn't help.

[Reply ]

    Pruitt - Take Bio Fuels Subsidy Away
    Posted on: 2018-04-06 12:00:56   By: Anonymous
     
    In another hit to Dumps base mainly in the Mid West, Scott Pruit proposes to eliminate bio fuels subsidy, which will decimate the corn/soybean belt , Dump's voters in the last sham of an election. Hit will be the entire industry, not just farmers, suppliers, truckers, processors, and exporters, besides farmers.
    MAGA! killing jobs AGAIN

    [Reply ]

      Re: Pruitt - Take Bio Fuels Subsidy Away
      Posted on: 2018-04-06 15:19:26   By: Anonymous
       
      HAHAHAHAHAHAHAHAHA!!! LYING, CHEATING, CROOKED HILLARY!!! HAHAHAHAHAHAHAHAHA!!!


      [Reply ]

        Re: WTG President Trump!!!
        Posted on: 2018-04-07 22:53:37   By: Anonymous
         
        Sorry dems but the economy is doing great and if there is a trade war with China we will do even better. You snowflakes just keep blowing in the wind.

        [Reply ]


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