U.S. Economy Creates 211,000 New Jobs in March
Unemployment Rate Remains Low at 4.7%
The Bureau of Labor Statistics (BLS) released data on the March employment situation. The full BLS press release can be found at: http://www.bls.gov/news.release/empsit.toc.htm.
Highlights of today’s employment situation report:
• The U.S. economy produced 211,000 new payroll jobs in March, well above consensus expectations.
• In the past 12 months 2.23 million new jobs have been created; since August 2003 over 5 million new jobs have been created. The U.S. economy has experienced 31 consecutive months of job growth.
• The unemployment rate edged downward from 4.8% to 4.7%. At 4.7%, the unemployment rate is below the average of the 1960s, 1970s, 1980s and 1990s.
• January payroll employment gains were revised downward from 170,000 to 154,000 new jobs. February payroll employment gains were revised downward from 243,000 to 225,000 new jobs.
Highlights of today’s employment situation report:
• The U.S. economy produced 211,000 new payroll jobs in March, well above consensus expectations.
• In the past 12 months 2.23 million new jobs have been created; since August 2003 over 5 million new jobs have been created. The U.S. economy has experienced 31 consecutive months of job growth.
• The unemployment rate edged downward from 4.8% to 4.7%. At 4.7%, the unemployment rate is below the average of the 1960s, 1970s, 1980s and 1990s.
• January payroll employment gains were revised downward from 170,000 to 154,000 new jobs. February payroll employment gains were revised downward from 243,000 to 225,000 new jobs.
