Payrolls continue to grow in March, unemployment rate 6.0 %
U.S. Employment Report
Nonfarm payrolls grew in March,
The economy gained a net 916,000 jobs in March and the nation's unemployment rate dropped to 6.0 %, from 6.2 %, on the seasonally adjusted basis, reported by the U.S. Labor Department.
The current report is an indication of an improving labor market. Total number of employed persons in the U.S. rose by 0.41 % to 150,85 millions, the biggest increases occurred in leisure and hospitality sectors up by 280,000 payrolls, the information sector fared poorly by trimming -2,000 jobs.
At March 2021 Total number of unemployed persons
deacreased to 9.71 millions, a deacrease of 262.00
thousands or -2.63 % from Feb. 2021, Unemployment rate
decreased to 6.00 %, from 6.20% in previous month.
In March 916,000 nonfarm payrolls were created.
|
Labor force
|
|
Average workweek increased in March on the seasonally adjusted basis by 0.87 % to 34.90 hours, an increase of $0.30 from 34.60 in February, reported by the Labor Department.
Despite decline in in hourly earnings, average weekly earnings grew in the private sector to $1,045.60 from $1,038.35 in the previous month, due to increase hours worked.
The number of employed persons
increased to 150.85 millions by 609.00 thousands or 0.41 % in March 2021.
Total Labor force
increased to 160.56 millions.
Average weekly earnings where $1,045.60 dollars, in March 2021
|
Average Weekly Hours of Production
The decline in the unemployment rate, which is based on a separate household survey, seemed solid. The number of unemployed people fell by -2.63 % to 9.71 million, a decrease by -262,000 from 9.97 million in February on the seasonally adjusted basis.
The labor force increased by 347,000 in March, lifting the percentage of civilians who have or want a job up to 61.50 % from 61.40 %.
|
 |
In March hourly wages declined by -0.17 % to $29.96, a decrease by $0.05 from $30.01 in February on the seasonally adjusted basis.
Construction Industry
grew to 39.60 hours per week, from Feb. 2021; Manufacturing Industry
rose to 40.50 hours per week, Durable goods Industry
fell to 39.80 hours per week, Nondurable goods Industry
advanced to 40.00 hours per week.
Average Weekly Hours of Production for private serviceproviding
industry
rose to 33.80 hours per week, from Feb. 2021; Trade, transportation & utilities Industry
grew to 34.40 hours per week, from Feb. 2021 .
Financial activities Industry Average Weekly Hours of Production
remained unchanged from Feb. 2021.
|
| |
Information Industry Average Weekly Hours of Production
fell to 37.20 hours per week, from Feb. 2021; Professional & business services Industry
increased to 36.80 hours per week, from Feb. 2021;
Education & health services Industry
advanced to 33.40 hours per week, from Feb. 2021; Leisure & hospitality Industry
advanced to 26.00 hours per week, from Feb. 2021; Other services Industry
grew to 32.50 hours per week, from Feb. 2021.
|
Employment
Situation
( in millions or %) |
March 2021
prel. |
Feb. 2021
prel. |
Jan. 2021
prel. |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
| Unemployment rate |
|
6 % |
6.2 % |
6.3 % |
6.7 % |
6.9 % |
7.9 % |
| Number of unemployed persons |
|
9.710 |
9.972 |
10.130 |
10.736 |
11.061 |
12.580 |
| Number of Employed persons |
|
150.848 |
150.239 |
150.031 |
149.830 |
149.806 |
147.563 |
| Employment/population ratio |
|
57.8 % |
57.6 % |
57.5 % |
57.4 % |
57.4 % |
56.6 % |
| Civilian labor force |
|
160.558 |
160.211 |
160.161 |
160.567 |
160.867 |
160.143 |
| Participation rate |
|
61.5 % |
61.4 % |
61.4 % |
61.5 % |
61.7 % |
61.4 % |
| Civilian noninstitutional
population |
|
261.003 |
260.918 |
260.851 |
261.230 |
260.925 |
260.742 |
| Persons who currently want a job outside CLF |
|
6.850 |
6.933 |
6.957 |
7.331 |
6.688 |
7.227 |
EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands) |
|
March 2021
prel. |
Feb. 2021
prel. |
Jan. 2021
prel. |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
| Nonfarm Payrolls |
|
+916.0 |
+379.0 |
+49.0 |
-227.0 |
+610.0 |
+672.0 |
| Total Private Payrolls |
|
+780.0 |
+465.0 |
+6.0 |
-204.0 |
+877.0 |
+892.0 |
| Goods-producing Payrolls |
|
+183.0 |
-48.0 |
-4.0 |
+76.0 |
+107.0 |
+97.0 |
| Mining & logging |
|
+20.0 |
-8.0 |
+9.0 |
+3.0 |
+2.0 |
+2.0 |
| Construction |
|
+110.0 |
-61.0 |
-3.0 |
+42.0 |
+72.0 |
+35.0 |
| Manufacturing Payrolls |
|
+3.3 |
+3.1 |
+3.2 |
+3.2 |
+3.2 |
+3.0 |
| Durable goods |
|
+30.0 |
+17.0 |
-17.0 |
+18.0 |
+16.0 |
+44.0 |
| Motor vehicles and parts |
|
-1.0 |
+0.1 |
-5.3 |
+3.6 |
+0.6 |
+7.7 |
| Nondurable goods |
|
+23.0 |
+4.0 |
+7.0 |
+13.0 |
+17.0 |
+16.0 |
| Private service-providing Payrolls |
|
+597.0 |
+513.0 |
+10.0 |
-280.0 |
+770.0 |
+795.0 |
| Wholesale trade |
|
+23.7 |
+3.6 |
+14.3 |
+15.5 |
+5.0 |
+18.9 |
| Retail trade |
|
+22.5 |
+41.1 |
-37.8 |
+134.9 |
+95.1 |
+23.4 |
| Transportation and warehousing |
|
+47.5 |
+4.4 |
-27.8 |
-24.1 |
+62.0 |
+40.2 |
| Information |
|
-2.0 |
-3.0 |
+16.0 |
+6.0 |
-28.0 |
+47.0 |
| Financial activities |
|
+16.0 |
-5.0 |
+8.0 |
+18.0 |
+30.0 |
+37.0 |
| Professional and business services |
|
+66.0 |
+63.0 |
+97.0 |
+156.0 |
+231.0 |
+122.0 |
| Temporary help services |
|
-0.8 |
+52.7 |
+80.9 |
+64.3 |
+123.0 |
+21.8 |
| Education and health services |
|
+101.0 |
+44.0 |
-7.0 |
-31.0 |
+62.0 |
+49.0 |
| Health care and social assistance |
|
+36.4 |
+45.6 |
-40.8 |
+39.1 |
+91.3 |
+118.0 |
| Leisure and hospitality |
|
+280.0 |
+355.0 |
-61.0 |
-536.0 |
+270.0 |
+406.0 |
| Other services |
|
- |
- |
- |
- |
- |
- |
| Government Payrolls |
|
- |
- |
- |
- |
- |
- |
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 2021
prel. |
Feb. 2021
prel. |
Jan. 2021
prel. |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
| Total private |
|
1,045.60 |
1,038.35 |
1,048.60 |
1,037.53 |
1,026.25 |
1,025.21 |
| Goods producing |
|
1,225.52 |
1,203.84 |
1,215.43 |
1,208.57 |
1,204.80 |
1,199.17 |
| Natural resources &
mining |
|
1,563.62 |
1,564.32 |
1,554.60 |
1,550.98 |
1,563.77 |
1,558.49 |
| Construction |
|
1,273.54 |
1,235.01 |
1,261.92 |
1,256.75 |
1,236.17 |
1,234.23 |
| Manufacturing |
|
1,180.58 |
1,168.21 |
1,172.41 |
1,162.90 |
1,167.62 |
1,160.98 |
| Overtime hours |
|
- |
- |
- |
- |
- |
- |
| Durable goods |
|
1,219.47 |
1,234.44 |
1,083.11 |
1,341.56 |
1,249.60 |
1,459.01 |
| Nondurable goods |
|
1,066.80 |
1,066.13 |
1,052.84 |
1,052.45 |
1,058.47 |
1,055.50 |
| Private serviceproviding |
|
1,008.93 |
1,005.31 |
1,012.93 |
1,004.60 |
991.69 |
987.41 |
| Trade, transportation
& utilities |
|
886.83 |
877.91 |
893.21 |
874.67 |
875.14 |
878.92 |
| Wholesale trade |
|
1,291.68 |
1,281.74 |
1,288.74 |
1,272.84 |
1,264.33 |
1,257.59 |
| Retail trade |
|
658.21 |
647.52 |
670.52 |
647.52 |
651.37 |
660.02 |
| Transportation & warehousing |
|
1,005.26 |
1,000.51 |
1,005.87 |
1,000.51 |
996.45 |
990.95 |
| Utilities |
|
1,887.05 |
1,891.46 |
1,893.04 |
1,889.19 |
1,903.90 |
1,887.91 |
| |
|
|
|
|
|
|
| Information |
|
1,631.22 |
1,669.92 |
1,655.40 |
1,639.84 |
1,646.43 |
1,595.05 |
| Financial activities |
|
1,495.56 |
1,497.82 |
1,487.05 |
1,477.22 |
1,461.35 |
1,435.94 |
| Professional & business
services |
|
1,318.18 |
1,313.21 |
1,317.94 |
1,305.05 |
1,290.52 |
1,286.63 |
| Education & health
services |
|
974.61 |
971.76 |
983.81 |
986.58 |
958.44 |
958.10 |
| Leisure & hospitality |
|
459.42 |
437.18 |
444.79 |
432.18 |
443.56 |
445.27 |
| Other services |
|
876.85 |
872.62 |
873.28 |
868.64 |
855.40 |
852.07 |
| Average weekly hours of production by Industry |
March 2021
prel. |
Feb. 2021
prel. |
Jan. 2021
prel. |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
| Total private |
|
34.90 |
34.60 |
35.00 |
34.70 |
34.80 |
34.80 |
| Goods producing |
|
40.30 |
39.60 |
40.10 |
39.90 |
40.00 |
39.80 |
| Natural resources &
mining |
|
45.60 |
44.90 |
45.10 |
44.80 |
44.40 |
44.20 |
| Construction |
|
39.60 |
38.20 |
39.30 |
39.20 |
38.80 |
38.80 |
| Manufacturing |
|
40.50 |
40.20 |
40.40 |
40.10 |
40.50 |
40.20 |
| Overtime hours |
|
- |
- |
- |
- |
- |
- |
| Durable goods |
|
39.80 |
40.50 |
35.50 |
44.00 |
41.20 |
48.20 |
| Nondurable goods |
|
40.00 |
39.90 |
39.70 |
39.70 |
40.20 |
39.80 |
| Private serviceproviding |
|
33.80 |
33.60 |
33.90 |
33.70 |
33.80 |
33.70 |
| Trade, transportation
& utilities |
|
34.40 |
34.20 |
34.50 |
34.10 |
34.40 |
34.40 |
| Wholesale trade |
|
39.00 |
38.70 |
39.10 |
38.70 |
38.70 |
38.60 |
| Retail trade |
|
30.70 |
30.50 |
30.80 |
30.40 |
30.90 |
30.90 |
| Transportation & warehousing |
|
39.10 |
38.90 |
39.20 |
38.90 |
39.00 |
38.80 |
| Utilities |
|
42.80 |
42.90 |
42.80 |
42.80 |
42.90 |
42.80 |
| |
|
|
|
|
|
|
| Information |
|
37.20 |
37.30 |
37.10 |
37.00 |
36.80 |
36.50 |
| Financial activities |
|
37.70 |
37.70 |
37.80 |
37.80 |
37.80 |
37.60 |
| Professional & business
services |
|
36.80 |
36.60 |
37.00 |
36.70 |
36.60 |
36.50 |
| Education & health
services |
|
33.40 |
33.20 |
33.60 |
33.50 |
33.50 |
33.50 |
| Leisure & hospitality |
|
26.00 |
25.30 |
25.80 |
25.20 |
26.00 |
26.10 |
| Other services |
|
32.50 |
32.20 |
32.50 |
32.40 |
32.50 |
32.30 |
| Average hourly earnings ($) |
March 2021
prel. |
Feb. 2021
prel. |
Jan. 2021
prel. |
Dec. 2020
prel. |
Nov. 2020
prel. |
Oct. 2020
prel. |
| Total private |
|
29.96 |
30.01 |
29.96 |
29.90 |
29.49 |
29.46 |
| Goods producing |
|
30.41 |
30.40 |
30.31 |
30.29 |
30.12 |
30.13 |
| Natural resources &
mining |
|
34.29 |
34.84 |
34.47 |
34.62 |
35.22 |
35.26 |
| Construction |
|
32.16 |
32.33 |
32.11 |
32.06 |
31.86 |
31.81 |
| Manufacturing |
|
29.15 |
29.06 |
29.02 |
29.00 |
28.83 |
28.88 |
| Overtime hours |
|
- |
- |
- |
- |
- |
- |
| Durable goods |
|
30.64 |
30.48 |
30.51 |
30.49 |
30.33 |
30.27 |
| Nondurable goods |
|
26.67 |
26.72 |
26.52 |
26.51 |
26.33 |
26.52 |
| Private serviceproviding |
|
29.85 |
29.92 |
29.88 |
29.81 |
29.34 |
29.30 |
| Trade, transportation
& utilities |
|
25.78 |
25.67 |
25.89 |
25.65 |
25.44 |
25.55 |
| Wholesale trade |
|
33.12 |
33.12 |
32.96 |
32.89 |
32.67 |
32.58 |
| Retail trade |
|
21.44 |
21.23 |
21.77 |
21.30 |
21.08 |
21.36 |
| Transportation & warehousing |
|
25.71 |
25.72 |
25.66 |
25.72 |
25.55 |
25.54 |
| Utilities |
|
44.09 |
44.09 |
44.23 |
44.14 |
44.38 |
44.11 |
| |
|
|
|
|
|
|
| Information |
|
43.85 |
44.77 |
44.62 |
44.32 |
44.74 |
43.70 |
| Financial activities |
|
39.67 |
39.73 |
39.34 |
39.08 |
38.66 |
38.19 |
| Professional & business
services |
|
35.82 |
35.88 |
35.62 |
35.56 |
35.26 |
35.25 |
| Education & health
services |
|
29.18 |
29.27 |
29.28 |
29.45 |
28.61 |
28.60 |
| Leisure & hospitality |
|
17.67 |
17.28 |
17.24 |
17.15 |
17.06 |
17.06 |
| Other services |
|
26.98 |
27.10 |
26.87 |
26.81 |
26.32 |
26.38 |
|
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