Established 1999
 
8,000 companies from
USA,Canada and India.
 
   
Search over 25,000 News & Earnings Archives    
 
Market Update : 
Nonfarm Employment Declines 80,000 in March
Author: 123jump.com Staff
123jump.com
Last Update: 9:02 AM EDT April 04 2008


(Continued)

Email article | Print article

The unemployment rate rose from 4.8 to 5.1% in March, and nonfarm payroll employment continued to trend down -80,000, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Over the past 3 months, payroll employment has declined by 232,000. In March, employment continued to fall in construction, manufacturing, and employment services, while health care, food services, and mining added jobs. Average hourly earnings rose by 5 cents, or 0.3%, over the month.

 
In March, food services employment continued to trend upward (23,000). Employment in the industry has increased by 288,000 over the past 12 months. Employment in mining rose by 6,000 in March. Support activities for mining, particularly those related to oil and gas extraction, accounted for about two-thirds of the increase.

Weekly Hours (Establishment Survey Data)

In March, the average workweek for production and nonsupervisory workers on private nonfarm payrolls rose by 0.1 hour to 33.8 hours, seasonally adjusted. Both the manufacturing workweek, at 41.3 hours, and factory overtime, at 4.1 hours, rose by 0.1 hour over the month.

The index of aggregate weekly hours of production and nonsupervisory workers on nonfarm payrolls rose by 0.2 percent in March to 107.5 (2002=100). The manufacturing index was unchanged at 93.4.

Hourly and Weekly Earnings (Establishment Survey Data)

In March, average hourly earnings of production and nonsupervisory workers on private nonfarm payrolls rose by 5 cents, or 0.3 percent, to $17.86, seasonally adjusted.This followed gains of 5 cents in January and 6 cents in February. Average weekly earnings rose by 0.6 percent in March to $603.67. Over the past 12 months, average hourly earnings increased by 3.6 percent and average weekly earnings rose by 3.3 percent.


Available at:

http://stats.bls.gov/news.release/empsit.nr0.htm
Back More: Market Update Archive

 



350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

© 1999-2008 123jump.com. All rights reserved