{"id":174858,"date":"2023-04-07T08:42:11","date_gmt":"2023-04-07T15:42:11","guid":{"rendered":"https:\/\/inbusinessphx.com\/?p=174858"},"modified":"2023-04-07T08:42:11","modified_gmt":"2023-04-07T15:42:11","slug":"u-s-employers-added-236000-jobs-in-march-cooling-the-labor-market","status":"publish","type":"post","link":"https:\/\/staging.inbusinessphx.com\/?p=174858","title":{"rendered":"U.S. Employers Added 236,000 Jobs in March, Cooling the Labor Market"},"content":{"rendered":"
\"\"<\/a>\nTotal nonfarm payroll employment rose by 236,000 in March, and the unemployment rate\nchanged little at 3.5 percent, the U.S. Bureau of Labor Statistics reported today.\nEmployment continued to trend up in leisure and hospitality, government, professional\nand business services, and health care. \n\nThis news release presents statistics from two monthly surveys. The household survey\nmeasures labor force status, including unemployment, by demographic characteristics.\nThe establishment survey measures nonfarm employment, hours, and earnings by industry.\nFor more information about the concepts and statistical methodology used in these two\nsurveys, see the Technical Note.\n\nHousehold Survey Data<\/strong>\n\nBoth the unemployment rate, at 3.5 percent, and the number of unemployed persons, at\n5.8 million, changed little in March. These measures have shown little net movement\nsince early 2022. \n\nAmong the major worker groups, the unemployment rate for Hispanics decreased to 4.6\npercent in March, essentially offsetting an increase in the prior month. The \nunemployment rates for adult men (3.4 percent), adult women (3.1 percent), teenagers\n(9.8 percent), Whites (3.2 percent), Blacks (5.0 percent), and Asians (2.8 percent)\nshowed little or no change over the month. \n\nAmong the unemployed, the number of permanent job losers increased by 172,000 to 1.6\nmillion in March, and the number of reentrants to the labor force declined by 182,000\nto 1.7 million. (Reentrants are persons who previously worked but were not in the \nlabor force prior to beginning their job search.)\n\nThe number of long-term unemployed (those jobless for 27 weeks or more) was little\nchanged at 1.1 million in March. These individuals accounted for 18.9 percent of all\nunemployed persons. \n\nThe labor force participation rate, at 62.6 percent, continued to trend up in March.\nThe employment-population ratio edged up over the month to 60.4 percent. These \nmeasures remain below their pre-pandemic February 2020 levels (63.3 percent and 61.1\npercent, respectively). \n\nThe number of persons employed part time for economic reasons was essentially\nunchanged at 4.1 million in March. These individuals, who would have preferred full-\ntime employment, were working part time because their hours had been reduced or \nthey were unable to find full-time jobs. \n\nThe number of persons not in the labor force who currently want a job was little\nchanged at 4.9 million in March and has returned to its February 2020 level. These\nindividuals were not counted as unemployed because they were not actively looking\nfor work during the 4 weeks preceding the survey or were unavailable to take a job.\n\n\nAmong those not in the labor force who wanted a job, the number of persons marginally\nattached to the labor force was little changed at 1.3 million in March. These \nindividuals wanted and were available for work and had looked for a job sometime\nin the prior 12 months but had not looked for work in the 4 weeks preceding the \nsurvey. The number of discouraged workers, a subset of the marginally attached who\nbelieved that no jobs were available for them, also was little changed over the month\nat 351,000. \n\nEstablishment Survey Data<\/strong>\n\nTotal nonfarm payroll employment increased by 236,000 in March, compared with the\naverage monthly gain of 334,000 over the prior 6 months. In March, employment \ncontinued to trend up in leisure and hospitality, government, professional and\nbusiness services, and health care. \n\nLeisure and hospitality added 72,000 jobs in March, lower than the average monthly\ngain of 95,000 over the prior 6 months. Most of the job growth occurred in food\nservices and drinking places, where employment rose by 50,000 in March. Employment\nin leisure and hospitality is below its pre-pandemic February 2020 level by 368,000,\nor 2.2 percent. \n\nGovernment employment increased by 47,000 in March, the same as the average monthly\ngain over the prior 6 months. Overall, employment in government is below its February\n2020 level by 314,000, or 1.4 percent.\n\nEmployment in professional and business services continued to trend up in March \n(+39,000), in line with the average monthly growth over the prior 6 months (+34,000).\nWithin the industry, employment in professional, scientific, and technical services\ncontinued its upward trend in March (+26,000). \n\nOver the month, health care added 34,000 jobs, lower than the average monthly gain\nof 54,000 over the prior 6 months. In March, job growth occurred in home health \ncare services (+15,000) and hospitals (+11,000). Employment continued to trend up\nin nursing and residential care facilities (+8,000). \n\nEmployment in social assistance continued to trend up in March (+17,000), in line\nwith the average monthly growth over the prior 6 months (+22,000). \n\nIn March, employment in transportation and warehousing changed little (+10,000).\nCouriers and messengers (+7,000) and air transportation (+6,000) added jobs, while\nwarehousing and storage lost jobs (-12,000). Employment in transportation and\nwarehousing has shown little net change in recent months. \n\nEmployment in retail trade changed little in March (-15,000). Job losses in building\nmaterial and garden equipment and supplies dealers (-9,000) and in furniture, home\nfurnishings, electronics, and appliance retailers (-9,000) were partially offset\nby a job gain in department stores (+15,000). Retail trade employment is little \nchanged on net over the year. \n\nEmployment showed little change over the month in other major industries, including\nmining, quarrying, and oil and gas extraction; construction; manufacturing; wholesale\ntrade; information; financial activities; and other services. \n\nIn March, average hourly earnings for all employees on private nonfarm payrolls \nrose by 9 cents, or 0.3 percent, to $33.18. Over the past 12 months, average hourly\nearnings have increased by 4.2 percent. In March, average hourly earnings of \nprivate-sector production and nonsupervisory employees rose by 9 cents, or 0.3\npercent, to $28.50. \n\nThe average workweek for all employees on private nonfarm payrolls edged down by\n0.1 hour to 34.4 hours in March. In manufacturing, the average workweek was unchanged\nat 40.3 hours, and overtime remained at 3.0 hours. The average workweek for production\nand nonsupervisory employees on private nonfarm payrolls was unchanged at 33.9 hours.\n\nThe change in total nonfarm payroll employment for January was revised down by \n32,000, from +504,000 to +472,000, and the change for February was revised up by\n15,000, from +311,000 to +326,000. With these revisions, employment in January and\nFebruary combined is 17,000 lower than previously reported. (Monthly revisions result\nfrom additional reports received from businesses and government agencies since the\nlast published estimates and from the recalculation of seasonal factors.) <\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"
Total nonfarm payroll employment rose by 236,000 in March, and the unemployment rate changed little at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in leisure and hospitality, government, professional and business services, and health care. This news release presents statistics from two monthly surveys. The household survey […]<\/p>\n","protected":false},"author":2,"featured_media":11249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[6],"tags":[3],"class_list":["post-174858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-trends","tag-top-stories"],"_links":{"self":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/174858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=174858"}],"version-history":[{"count":0,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/wp\/v2\/posts\/174858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=174858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=174858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.inbusinessphx.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=174858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}