After February's anomaly of only 20K (now revised to 33K) jobs created, the economy is back on the march.
Thankfully the Obama economy fix finally worked.....I'm sure Trump is ROTFLHFAO over that remark!,,,,GO TRUMP
Dow Jones closed yesterday at 26,384 closing in on the 26,828 record...
Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8 percent, according to a Bureau of Labor Statistics report Friday.
That was better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end. The unemployment rate met expectations.
Wage gains fell off the recent strong pace, increasing just 0.14 percent for the month and 3.2 percent year over year, below expectations of the 3.4 percent pace from last month. The average work week increased by 0.1 hour to 34.5 hours.
A broader gauge of unemployment that also counts discouraged workers and those holding part-time jobs for economic reasons also was unchanged at 7.3 percent. The measure, known as the “real unemployment rate” is down from 7.9 percent a year ago.
Job gains were fairly broad based.
Health care led with 49,000 new workers, professional and technical services added 34,000 and food and drinking establishments contributed 27,000. Construction rose by 16,000 but manufacturing saw 6,000 jobs lost.
(Excerpt) Read more at cnbc.com ...
Thankfully the Obama economy fix finally worked.....I'm sure Trump is ROTFLHFAO over that remark!,,,,GO TRUMP
Dow Jones closed yesterday at 26,384 closing in on the 26,828 record...
Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8 percent, according to a Bureau of Labor Statistics report Friday.
That was better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end. The unemployment rate met expectations.
Wage gains fell off the recent strong pace, increasing just 0.14 percent for the month and 3.2 percent year over year, below expectations of the 3.4 percent pace from last month. The average work week increased by 0.1 hour to 34.5 hours.
A broader gauge of unemployment that also counts discouraged workers and those holding part-time jobs for economic reasons also was unchanged at 7.3 percent. The measure, known as the “real unemployment rate” is down from 7.9 percent a year ago.
Job gains were fairly broad based.
Health care led with 49,000 new workers, professional and technical services added 34,000 and food and drinking establishments contributed 27,000. Construction rose by 16,000 but manufacturing saw 6,000 jobs lost.
(Excerpt) Read more at cnbc.com ...