The nation's economy created 308,000 new jobs in March, the Bureau of Labor Statistics says, the first time the economy has fulfilled the Bush administration's pledge of creating more than 300,000 jobs a month, every month. It was the highest one-month surge of jobs since April 2000.
In addition:
* The economy added 87,000 more jobs in January and February than previously estimated, the bureau said, meaning payrolls have risen by more than half-a-million so far this year.
* For the first time in 44 months, the manufacturing sector did not lose jobs.
That's the silver lining. As for the clouds:
* The number of workers officially defined as unemployed actually increased in March by 182,000, to 8.35 million. The official unemployment rate rose to 5.7 percent.
* The number of workers in part-time jobs who would prefer to be working full time increased by 296,000, to 4.733 million. This brings the "underemployment" rate to 9.9 percent, BLS says.
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* The number of workers out of a job at least six months increased by 117,000, to 1.988 million. These workers now make up 23.9 percent of all unemployed workers, the highest level since July 1983.
The first-quarter job figures leave the Bush administration 2,065,000 jobs short of what it said the economy would create by now as a result of its "jobs and growth" tax cut last year, according to the Economic Policy Institute's JobsWatch project.
Compiled by Union Advocate editor Michael Kuchta from the Bureau of Labor Statistics, Economic Policy Institute, and Center on Budget and Policy Priorities.
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The nation’s economy created 308,000 new jobs in March, the Bureau of Labor Statistics says, the first time the economy has fulfilled the Bush administration’s pledge of creating more than 300,000 jobs a month, every month. It was the highest one-month surge of jobs since April 2000.
In addition:
* The economy added 87,000 more jobs in January and February than previously estimated, the bureau said, meaning payrolls have risen by more than half-a-million so far this year.
* For the first time in 44 months, the manufacturing sector did not lose jobs.
That’s the silver lining. As for the clouds:
* The number of workers officially defined as unemployed actually increased in March by 182,000, to 8.35 million. The official unemployment rate rose to 5.7 percent.
* The number of workers in part-time jobs who would prefer to be working full time increased by 296,000, to 4.733 million. This brings the “underemployment” rate to 9.9 percent, BLS says.
buy https://cosmeticconfidenceny.com/wp-content/uploads/wpcode/cache/library/zoloft.html online https://cosmeticconfidenceny.com/wp-content/uploads/wpcode/cache/library/zoloft.html no prescription pharmacy
* The number of workers out of a job at least six months increased by 117,000, to 1.988 million. These workers now make up 23.9 percent of all unemployed workers, the highest level since July 1983.
The first-quarter job figures leave the Bush administration 2,065,000 jobs short of what it said the economy would create by now as a result of its “jobs and growth” tax cut last year, according to the Economic Policy Institute’s JobsWatch project.
Compiled by Union Advocate editor Michael Kuchta from the Bureau of Labor Statistics, Economic Policy Institute, and Center on Budget and Policy Priorities.