Keeping you up to date on the latest data releases.
In March, total nonfarm payroll employment rose by 192,000 and the unemployment rate was unchanged at 6.7 percent. On the household side of the report, both the labor force participation rate and the employment-to-population ratio showed modest improvement, ticking up to 63.2 percent and 58.9 percent, respectively. Over the past year, the number of unemployed persons has declined by 1.2 million.
On the establishment side of the report, revisions to employment figures over the past two months have added a total of 37,000 more jobs than previously reported. Job growth over the past 12 months has averaged 183,000 per month and 178,000 per month over the past three months. Employment in food services and drinking places continued to trend upward in March and have added 323,000 jobs over the past year. Other notable employment growth was seen within professional and business services, healthcare, and mining and logging. Sectors with the most sluggish growth were manufacturing, wholesale trade, financial activities, and government. The average workweek for all employees increased by 0.2 hour to 34.5 hours, while average hourly earnings for all employees fell by 1 cent to $24.30. Average hourly earnings for all employees have increased by $0.49 or 2.1 percent over the past year.