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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 %.


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







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




     
       
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