U.S. economy continue to add jobs in March

U.S. Employment Report

The U.S. economy in March generated fewer new jobs than in February, as the nonfarm payrolls increase in public and private sectors.
The Labor Department announced nonfarm payrolls grew by 103,000 in March on the seasonally adjusted basis.

Companies in the private service providing sector hired 87,000 workers and payrolls in goods-producing industries rose by 15,000, bringing overall job growth in the pivate sector to 102,000. Nonfarm payrolls were strong accross the board in the March report, improvement in the private sector, was followed by the job growth in public sector, as the government hired 1,000 people.

Some economists say that recent slowdown in hiring, could lead to weaker consumer spending. It may undermine the confidence of business executives and slowdown hiring further.
Current report bucks otherwise positive trend in the nonfarm payrolls. The number of employed people decreased -0.02 % to 155,18 millions, the biggest decline took place in construction sector down by -15,000 payrolls.

At March 2018 Total number of unemployed persons deacreased to 6.59 millions, a deacrease of 121.00 thousands or -1.80 % from Feb. 2018, Unemployment rate remained unchanged from Feb. 2018. In March 103,000 nonfarm payrolls were created.

Labor force

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Average workweek remained unchanged in March on the seasonally adjusted basis, the surging retail sector increased hours worked the most to 31.20 hours, the hours worked in durable goods manufacturers fell the most to 44.60 hours, reported by the U.S. Labor Department.
With modest growth in hourly earnings and unchanged in hours worked, average weekly earnings increased in the private sector to $925.29 from $922.88 in the previous month.

The number of employed persons declined to 155.18 millions by 37.00 thousands or -0.02 % in March 2018.

Total Labor force deacreased to 161.76 millions.
Average weekly earnings where $925.29 dollars, in March 2018

Average Weekly Hours of Production

The official unemployment rate does not tell the whole story since it does not count discouraged workers who recently stopped looking for a job. Unemployment decreased to 6.59 million, a decrease by -121,000 from 6.71 million in February by -1.80 % on the seasonally adjusted basis.
	Average hourly earnings grew modestly in March by 0.26 % to $26.82, an increase of $0.07 from $26.75 in February on the seasonally adjusted basis, the hourly wages in utilities grew at the highest pace to $39.97, the hourly wages in information sector fell the most to $39.07, reported by the Labor Department. On a year-over-year basis, earnings were up 2.60 %, This is above the % year-over-year increase in the consumer price index in March. Construction Industry fell to 39.20 hours per week, from Feb. 2018; Manufacturing Industry fell to 40.90 hours per week, Durable goods Industry fell to 44.60 hours per week, Nondurable goods Industry fell to 40.20 hours per week. Average Weekly Hours of Production for private serviceproviding industry remained unchanged from Feb. 2018; Trade, transportation & utilities Industry remained unchanged from Feb. 2018 . Financial activities Industry Average Weekly Hours of Production remained unchanged from Feb. 2018.

Information Industry Average Weekly Hours of Production went up to 36.10 hours per week, from Feb. 2018; Professional & business services Industry fell to 36.10 hours per week, from Feb. 2018; Education & health services Industry fell to 32.90 hours per week, from Feb. 2018; Leisure & hospitality Industry remained unchanged from Feb. 2018; Other services Industry remained unchanged from Feb. 2018.

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Employment Situation ( in millions or %)	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.	Dec. 2017 prel.	Nov. 2017 prel.	Oct. 2017 prel.
Unemployment rate	4.1 %	4.1 %	4.1 %	4.1 %	4.1 %	4.1 %
Number of unemployed persons	6.585	6.706	6.684	6.576	6.610	6.520
Number of Employed persons	155.178	155.215	154.430	154.021	153.918	153.861
Employment/population ratio	60.4 %	60.4 %	60.1 %	60.1 %	60.1 %	60.2 %
Civilian labor force	161.763	161.921	161.115	160.597	160.529	160.381
Participation rate	62.9 %	63 %	62.7 %	62.7 %	62.7 %	62.7 %
Civilian noninstitutional population	257.097	256.934	256.780	256.109	255.949	255.766
Persons who currently want a job outside CLF	5.096	5.131	5.171	5.308	5.238	5.185
EMPLOYMENT BY SELECTED INDUSTRY (Over-the-month change, in thousands)	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.	Dec. 2017 prel.	Nov. 2017 prel.	Oct. 2017 prel.
Nonfarm Payrolls	+103.0	+313.0	+200.0	+160.0	+228.0	+261.0
Total Private Payrolls	+102.0	+287.0	+196.0	+166.0	+221.0	+252.0
Goods-producing Payrolls	+15.0	+100.0	+57.0	+55.0	+62.0	+33.0
Mining & logging	+8.0	+8.0	+6.0	+1.0	+7.0	-2.0
Construction	-15.0	+61.0	+36.0	+33.0	+24.0	+11.0
Manufacturing Payrolls	+3.6	+3.6	+3.5	+3.5	+3.5	+3.5
Durable goods	+22.0	+32.0	+18.0	+18.0	+27.0	+19.0
Motor vehicles and parts	+3.3	+6.2	-0.3	+1.6	+1.7	+3.4
Nondurable goods	-	-1.0	-3.0	+3.0	+4.0	+5.0
Private service-providing Payrolls	+87.0	+187.0	+139.0	+111.0	+159.0	+219.0
Wholesale trade	+11.4	+5.8	+9.8	+10.1	+3.4	+5.7
Retail trade	-4.4	+50.3	+15.4	-25.6	+18.7	-8.3
Transportation and warehousing	+9.8	+15.4	+11.1	+11.6	+10.5	+8.4
Information	+2.0	-12.0	-6.0	-1.0	-4.0	-1.0
Financial activities	+2.0	+28.0	+9.0	+6.0	+8.0	+5.0
Professional and business services	+33.0	+50.0	+23.0	+25.0	+46.0	+50.0
Temporary help services	-0.6	+26.5	+1.8	-1.5	+18.3	+18.3
Education and health services	+25.0	+23.0	+38.0	+39.0	+54.0	+41.0
Health care and social assistance	+33.8	+29.1	+25.8	+35.6	+40.5	+33.5
Leisure and hospitality	+5.0	+16.0	+35.0	+37.0	+14.0	+106.0
Other services	-1.0	+10.0	+6.0	+8.0	+9.0	+12.0
Government Payrolls	+1.0	+26.0	+4.0	-6.0	+7.0	+9.0

Civilian labor force
is the sum of employed and unemployed persons.

Unemployment Rate
is the number unemployed as a percent of the labor force.

Labor force participation rate
is the labor force as a percent of the population.

Employment-population ratio
is the employed as a percent of the population.

Average weekly Salary by Industry ($)	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.	Dec. 2017 prel.	Nov. 2017 prel.	Oct. 2017 prel.
Total private	925.29	922.88	917.18	919.43	915.98	912.63
Goods producing	1,132.38	1,134.36	1,121.18	1,128.33	1,124.28	1,121.91
Natural resources & mining	1,501.44	1,485.78	1,462.22	1,473.37	1,470.26	1,482.22
Construction	1,153.66	1,158.17	1,143.87	1,154.42	1,140.55	1,133.34
Manufacturing	1,098.57	1,100.03	1,089.30	1,093.44	1,092.44	1,097.57
Overtime hours	-	-	-	-	-	-
Durable goods	1,253.71	1,339.89	1,143.26	1,203.77	1,205.08	1,256.19
Nondurable goods	993.74	994.60	984.73	983.54	986.91	985.66
Private serviceproviding	884.12	881.45	878.80	878.12	877.08	873.79
Trade, transportation & utilities	797.64	795.57	790.02	794.88	796.02	790.05
Wholesale trade	1,178.97	1,185.12	1,178.19	1,190.79	1,181.99	1,172.22
Retail trade	576.58	572.55	563.35	570.37	573.68	566.68
Transportation & warehousing	942.35	940.60	937.59	935.66	941.07	936.32
Utilities	1,674.74	1,658.82	1,664.69	1,657.15	1,673.81	1,660.26

Information	1,410.43	1,418.40	1,390.16	1,402.03	1,393.10	1,399.58
Financial activities	1,297.20	1,290.81	1,278.02	1,276.14	1,266.37	1,255.52
Professional & business services	1,162.42	1,161.30	1,158.48	1,152.00	1,149.12	1,152.00
Education & health services	882.38	882.75	883.74	880.11	872.84	870.53
Leisure & hospitality	412.64	410.81	408.98	411.34	407.16	406.12
Other services	770.31	768.73	765.98	770.20	759.85	758.90

Average weekly hours of production by Industry	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.	Dec. 2017 prel.	Nov. 2017 prel.	Oct. 2017 prel.
Total private	34.50	34.50	34.30	34.50	34.50	34.40
Goods producing	40.50	40.60	40.20	40.50	40.50	40.40
Natural resources & mining	46.00	45.90	45.20	45.70	45.10	45.30
Construction	39.20	39.30	39.00	39.40	39.10	39.00
Manufacturing	40.90	41.00	40.60	40.80	40.90	41.00
Overtime hours	-	-	-	-	-	-
Durable goods	44.60	47.70	40.70	42.90	43.10	44.80
Nondurable goods	40.20	40.30	39.90	39.90	40.20	40.10
Private serviceproviding	33.30	33.30	33.20	33.30	33.40	33.30
Trade, transportation & utilities	34.50	34.50	34.20	34.50	34.70	34.50
Wholesale trade	39.00	39.10	39.00	39.30	39.10	39.10
Retail trade	31.20	31.10	30.60	31.10	31.40	31.00
Transportation & warehousing	38.70	38.90	38.60	38.60	39.00	38.90
Utilities	41.90	41.90	41.90	41.90	42.30	42.00

Information	36.10	36.00	35.70	36.20	36.10	36.40
Financial activities	37.60	37.60	37.60	37.60	37.60	37.40
Professional & business services	36.10	36.20	36.00	36.00	36.00	36.00
Education & health services	32.90	33.00	33.00	33.00	32.90	32.90
Leisure & hospitality	26.10	26.10	26.00	26.20	26.10	26.10
Other services	31.70	31.70	31.60	31.80	31.70	31.70

Average hourly earnings ($)	March 2018 prel.	Feb. 2018 prel.	Jan. 2018 prel.	Dec. 2017 prel.	Nov. 2017 prel.	Oct. 2017 prel.
Total private	26.82	26.75	26.74	26.65	26.55	26.53
Goods producing	27.96	27.94	27.89	27.86	27.76	27.77
Natural resources & mining	32.64	32.37	32.35	32.24	32.60	32.72
Construction	29.43	29.47	29.33	29.30	29.17	29.06
Manufacturing	26.86	26.83	26.83	26.80	26.71	26.77
Overtime hours	-	-	-	-	-	-
Durable goods	28.11	28.09	28.09	28.06	27.96	28.04
Nondurable goods	24.72	24.68	24.68	24.65	24.55	24.58
Private serviceproviding	26.55	26.47	26.47	26.37	26.26	26.24
Trade, transportation & utilities	23.12	23.06	23.10	23.04	22.94	22.90
Wholesale trade	30.23	30.31	30.21	30.30	30.23	29.98
Retail trade	18.48	18.41	18.41	18.34	18.27	18.28
Transportation & warehousing	24.35	24.18	24.29	24.24	24.13	24.07
Utilities	39.97	39.59	39.73	39.55	39.57	39.53

Information	39.07	39.40	38.94	38.73	38.59	38.45
Financial activities	34.50	34.33	33.99	33.94	33.68	33.57
Professional & business services	32.20	32.08	32.18	32.00	31.92	32.00
Education & health services	26.82	26.75	26.78	26.67	26.53	26.46
Leisure & hospitality	15.81	15.74	15.73	15.70	15.60	15.56
Other services	24.30	24.25	24.24	24.22	23.97	23.94

• Source: Department of Labor
Picture Autor: (Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954)

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