Written By ESR News Blog Editor Thomas Ahearn
The United States economy added 103,000 jobs in March 2018 while the unemployment rate remained unchanged at 4.1 percent for the sixth consecutive month, according to the Employment Situation jobs report released by the U.S. Department of Labor’s (DOL) Bureau of Labor Statistics (BLS).
The jobs report for March 2018 revealed the number of unemployed persons decreased slightly to 6.6 million while job gains occurred in professional and business services, manufacturing, financial activities, health care, and mining. Here is a breakdown from the jobs report:
- Professional and business services employment increased by 33,000 jobs in March and has risen by 502,000 jobs over the year.
- Manufacturing employment added 22,000 jobs in March and has risen by 232,000 jobs over the past year.
- Health care employment increased by 22,000 jobs in March, about in line with its average monthly gain over the prior 12 months.
- Mining employment rose by 9,000 jobs in March and has added 78,000 jobs since a recent low in October 2016.
On the negative side, retail trade employment lost 4,000 jobs over the month and has changed little over the past year. Construction employment lost 15,000 jobs in March following a large gain in February of 65,000 jobs.
Employment in other major industries including wholesale trade, transportation and warehousing, information, financial activities, leisure and hospitality, and government showed little change over the month, according to the jobs report.
The change in employment for January 2018 was revised from 239,000 jobs added to 176,000 jobs added while February 2018 was revised from 313,000 jobs added to 326,000 jobs added. With the revisions, employment gains in these two months were 50,000 jobs less than previously reported.
The Employment Situation is usually released on the first Friday of every month. The Employment Situation for April 2018 is scheduled to be released on May 4, 2018. Until then, the most recent Employment Situation is available at www.bls.gov/news.release/empsit.nr0.htm (PDF).
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