March NFP +103K, Unemployment 4.1%

The March jobs report is out. The government says the U.S. economy created 103,000 net new jobs last month. That’s below expectations of 178,000. For the sixth month in a row, the unemployment rate held at 4.1%.

Average hourly earnings rose 0.3%. In the last year, AHE is up 2.7%.

There were big revisions to the data for January and February. The revisions totaled -50,000.

The Labor Force Participation Rate was 62.9%. The broader U-6 rate was 8.0%.

Here’s the unemployment rate:

Here’s the U-6 rate:

Labor Force Participation Rate:

Posted by on April 6th, 2018 at 8:35 am


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