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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.

 Employement situation (Picture Autor: Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954) 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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