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March 2018 Jobs Report


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The U.S. labor market added 103,000 jobs in March 2018, which is substantially slower than previous months and below expectations. U.S. economists projected job growth of 185,000 for the month. The job market is increasing at a slower rate compared to the previous two months. The national unemployment rate remained 4.1% for the sixth month in a row and the lowest rate since 2000. However, this is slightly above economist's prediction of 4.0% unemployment rate. The labor rate participation rate slightly decreased to 62.9%.

Published in: Recruiting & HR
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March 2018 Jobs Report

  1. 1. MARCH 2018 JOB REPORT - U.S. BUREAU OF LABOR STATISTICS Industries with the largest hiring rates on LinkedIn: 103,000 Jobs created in�March The lowest unemployment rate since 2000 4.1% Unemployment rate 2.7% Average hourly earnings rate Average work week hours34.5 Automotive, Aerospace & Transportation Sources: How does that compare to the national average? 19.3 % Employment- population ratio60.4% Manufacturing & Industrial Healthcare & Pharmaceutical Financial Services & Insurance Architecture & Engineering 62.9% Labor force participation rate 33,000 2,000 Professional & Business Services� Oil & Gas Extraction 22,000Healthcare 22,000 9,000 Manufacturing Mining Retail Trade-4,000 -15,000 Construction March Jobs (Net Change) 24.4% 19.4% 18.8% 15.9%17.6% 20.1% Increase in hiring rate from February 2017 *Employment in other major industries, including wholesale trade, transportation and warehousing, information, leisure and hospitality,�financial activities, and government, showed little change over the month.�