Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, construction, and health care. Job losses occurred in manufacturing and mining.
Household Survey Data
In March, the unemployment rate (5.0 percent) and the number of unemployed persons (8.0 million) were little changed. Both measures have shown little movement since August. (See table A-1.)
“It’s clearly a strong report across the board, and I was particularly encouraged by the pickup in labor force participation,” said Michelle Meyer, deputy head of United States economics at Bank of America Merrill Lynch.
Chosen excerpts by Job Market Monitor. Read the whole story at U.S. Kept Up Pace of Hiring in March, Adding 215,000 Jobs – The New York Times