5 things to watch for in Friday's USA jobs report for March

5 things to watch for in Friday's USA jobs report for March”

The headline unemployment rate-which the BLS labels U3-fell slightly to 4.5 percent, the lowest level since December 2007, the first month of what came to be known as the Great Recession.

The U.S. unemployment rate fell to 4.5 percent in March, the lowest level in almost a decade, from 4.7 percent, and an encouraging sign for the job market.

The number of jobs created in February was revised down from 235,000 to 219,000, while the figure for January was revised down from 238,000 to 216,000.

The teenage jobless rate fell to 13.7 percent, the lowest level since May 2001.

He added, "For now we are forecasting just one additional Fed rate rise this year, but consumer spending will be a key story to watch".

Construction companies added 6,000 jobs in March, the fewest in seven months.

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The reason relates to a little-known fact about the government's monthly jobs report: The government conducts one survey to learn how many jobs were created and another to determine the unemployment rate.

The US labour market recorded a sharp and unexpected slowdown in March, as the pace of hiring slowed markedly after a strong start to the year, official figures released on Friday (6 April) showed. Manufacturing employment gained 11,000 jobs as rising oil prices fuel demand for machinery. The number of long-term unemployed - people who have been without a job for 27 weeks or longer - was little changed during the month at 1.7 million and accounted for 23.3 percent of the unemployed.

"Average wages rose 0.2% to $26.14 an hour in March", writes Jeffry Bartash at MarketWatch. The retail industry overall has lost 89,000 jobs since a recent high in October 2016. During most of his period, wages remained flat.

The number of workers unemployed in OH in February was 294,000, up 7,000 from 287,000 in January.

Still, compared with its peak in the early 2000s, the manufacturing sector has about 630,000 fewer jobs, a drop of 27 per cent, Statistics Canada said. Those people were not in the labor force, wanted and were available for work and had looked for a job at some time during the prior 12 months. That is the lowest such rate in over nine years. Other sectors of note include health care (+14,000) and financial services (+9,000).

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