A p r i l 4 , 2 0 1 4
AVERAGE HOURLY EARNINGS
2.1% ABOVE LAST YEAR
• Job growth remained solid for a second straight month, after winter weather cooled
U.S. labor market performance in December and January.
• All of the employment gains in March came from the private sector, bringing non-
government payrolls back above the pre-recession level for the first time.
• Employers continue to show some confidence, suggesting the U.S. economy and
labor market could be poised for faster growth in the coming months.
Hiring in the U.S. continued on a steady pace in March, as the economy generated a respectable 192,000 jobs. Upward revisions to the
prior two months’ employment gains totaled 37,000, bringing average monthly job creation to nearly 178,000 for the first three months of
2014. Private sector employment surpassed 116 million, topping the pre-recession peak employment level reached in January 2008.
WORKERS IN MARCH
U.S. EMPLOYERS HIRED
A TOTAL OF
PRIVATE EMPLOYMENT BOUNCES BACK
THE UNEMPLOYMENT RATE
REMAINED UNCHANGED AT
7.5% LAST MARCH