Posted on 04/07/2017 1:51:43 PM PDT by drewh
The number of employed Americans increased 472,000 to 153,000,000 in March, setting a second straight monthly record; and the number of unemployed persons dropped by 326,000 to 7.2 million.
That brought the nation’s unemployment rate down two-tenths of a point to 4.5 percent.
The Labor Department’s Bureau of Labor Statistics said the labor force participation rate remained flat at 63 percent in March; and the number of Americans not in the labor force increased slightly to 94,213,000, up 23,000 from February’s 94,190,000.
The Bureau of Labor Statistics says the economy added 98,000 jobs last month, which was well below the gains of 219,000 in February and 216,000 in January. Employment increased in professional and business services – and in mining – but retailers lost jobs.
The 94,213,000 million people counted as not participating in the labor force last month includes millions of baby boomer retirees, students, the disabled, homemakers and others who do not work for various reasons.
But -- as we have noted and will continue to note – this number is important because many of those not in the labor force receive Social Security, Medicare, Medicaid, health insurance subsidies or other benefits/entitlements that depend on the taxes paid by those who do work.
In March, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 254,414,000. Of those, 160,201,000 participated in the labor force by either holding a job or actively seeking one.
The 160,201,000 who participated in the labor force equaled 63 percent of the 254,414,000 civilian noninstitutionalized population.
Among the major worker groups, the unemployment rates for adult women (4.0 percent), whites (3.9 percent) and Hispanics (5.1 percent) declined in March.
The jobless rate for adult men (4.3 percent), blacks (8.0 percent) and Asians (3.3 percent) showed little or no change
I am cautious.
Ready to be very enthused, but reluctant yet to jump on this bandwagon.
Need a couple months’ data, from my view. But this is good.
Unadjusted number - 593,000 new jobs. :)
http://econintersect.com/pages/releases/release.php?post=201704070757
I have a lot of confidence in Trump.
But I am still trying to figure out what the current situation is.
Seems to me, just three months ago, we were at 95,000,000 out of the labor force. Now suddenly we’ve way down. Granted this should drive the number UP, not down, but I am still unclear what has changed in the measure.
I agree, Trump is a positive force. I agree. Completely.
But I am just saying, we need to figure out what the real baseline is, now that the GOP is in charge.
Thanks though. I am not being critical. Not at all.
employers in the gut feel that this guy is good for business. opening up drilling in the artic and atlantic helps a lot too
“Trump’s fault!”
When I got on Facebook this morning, only number I saw was the 98,000 figure. I thought, that could not be right, Trump is in charge now.
Do you have a link to your article?
Good article, drewh. I’d bet my next paycheck that all the newly coined Trump-bashers, Soros trolls and hand wringers won’t show up on this thread to celebrate the good news.
Thank you President Trump!
What happens when unemployment is a negative number. Then we know the baseline was off.
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