Employment Situation

March 2025 | Released April 04, 2025


From February 2025 to March 2025:





From February 2025 to March 2025:



From March 2024 to March 2025:



From March 2024 to March 2025:

  • For all employees on private nonfarm payrolls:
    • Average nominal weekly earnings increased by 3.23 percent.
    • Average nominal hourly earnings increased by 3.84 percent.
  • For production and nonsupervisory employees on private nonfarm payrolls:
    • Average nominal weekly earnings increased by 3.89 percent.
    • Average nominal hourly earnings increased by 3.89 percent.


Table 1. Labor Indicators

Mar 2025 Feb 2025 M/M change Mar 2024 Y/Y change
Payroll jobs
Nonfarm 159.398M 159.170M 228K 157.517M 1.881M
Private 135.786M 135.577M 209K 134.216M 1.570M
Unemployment
Official rate (U-3) 4.2% 4.1% 0.1pp 3.9% 0.3pp
Broader rate (U-6) 7.9% 8.0% -0.1pp 7.3% 0.6pp
Labor force participation rate
16 years and over 62.5% 62.4% 0.1pp 62.7% -0.2pp
Prime age (25-54 years) 83.3% 83.5% -0.2pp 83.4% -0.1pp
Employment-to-Population Ratio 59.9% 59.9% 0.0pp 60.3% -0.4pp


Table 2. Earnings Indicators

Mar 2025 Feb 2025 M/M change Mar 2024 Y/Y change
Production and non-supervisory
Hourly earnings $30.96 $30.91 0.16% $29.80 3.89%
Weekly earnings $1,046.45 $1,038.58 0.76% $1,007.24 3.89%
All employees
Hourly earnings $36.00 $35.91 0.25% $34.67 3.84%
Weekly earnings $1,231.20 $1,228.12 0.25% $1,192.65 3.23%


Table 3. Revisions

1st 2nd 3rd Net revision
Nonfarm jobs added
February 2025 151K 117K -34K
January 2025 143K 125K 111K -32K
December 2024 256K 307K 323K 67K


Table 4. Comparison to ADP Estimate

BLS ADP Difference
Private nonfarm jobs added 209K 155K 54K



Job Openings and Labor Turnover Survey

February 2025 | Released April 01, 2025


Job Openings: The total number of nonfarm job openings decreased by 194K to 7.57 million, and the rate decreased by 0.2 percentage points to 4.5 percent.


Hires: The total number of nonfarm hires increased by 25K to 5.40 million, and the rate remained unchanged at 3.4 percent.


Separations: The total number of nonfarm separations decreased by 11K to 5.26 million, and the rate remained unchanged at 3.3 percent.


Table 5. JOLTS Level Indicators

Feb 2025 Jan 2025 M/M change Feb 2024 Y/Y change
Job openings level
Nonfarm 7.568M 7.762M -194K 8.445M -877K
Private 6.667M 6.860M -193K 7.521M -854K
Hire level
Nonfarm 5.396M 5.371M 25K 5.664M -268K
Private 5.046M 5.000M 46K 5.277M -231K
Separation level
Nonfarm 5.261M 5.272M -11K 5.476M -215K
Private 4.915M 4.959M -44K 5.146M -231K


Table 6. JOLTS Rate Indicators

Feb 2025 Jan 2025 M/M change Feb 2024 Y/Y change
Job openings rate
Nonfarm 4.5% 4.7% -0.2pp 5.1% -0.6pp
Private 4.7% 4.8% -0.1pp 5.3% -0.6pp
Hire rate
Nonfarm 3.4% 3.4% 0.0pp 3.6% -0.2pp
Private 3.7% 3.7% 0.0pp 3.9% -0.2pp
Separation rate
Nonfarm 3.3% 3.3% 0.0pp 3.5% -0.2pp
Private 3.6% 3.7% -0.1pp 3.8% -0.2pp


Upcoming releases


Date Time Release Data source
Apr 07 10:00 AM Monthly Debt Update, April 2025 U.S. Treasury
Apr 10 08:30 AM Monthly Inflation Update, March 2025 Bureau of Labor Statistics
Apr 11 10:00 AM Monthly Fiscal Update, March 2025 U.S. Treasury
Apr 18 10:00 AM State Employment Update, March 2025 Bureau of Labor Statistics
Apr 30 08:30 AM Monthly GDP Update, Q1 2025 Advance Estimate Bureau of Economic Analysis
Apr 30 10:00 AM Monthly Expenditures Update, March 2025 Bureau of Economic Analysis
May 02 08:30 AM Monthly Employment Update, April 2025 Bureau of Labor Statistics



Notes


Source: Bureau of Labor Statistics; JEC Republicans calculations

“pp” = percentage points; “M/M” = month over month; “Y/Y” = year over year

Consistent with the Bureau of Labor Statistics, monthly figures are seasonally adjusted. Discrepancy in change figures is possible due to rounding.