Friday, April 06, 2012

THE EMPLOYMENT SITUATION -- MARCH 2012


Nonfarm payroll employment rose by 120,000 in March, and the unemploymen trate was little changed at 8.2 percent, the U.S. Bureau of Labor Statistics reported today.

Employment rose in manufacturing, food services and drinking places, and health care, but was down in retail trade.

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The number of unemployed persons (12.7 million) and the unemployment rate(8.2 percent) were both little changed in March. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.6 percent), adult women (7.4 percent), teenagers (25.0 percent), whites (7.3 percent), blacks (14.0 percent), and Hispanics (10.3 percent) showed little or no change in March. The jobless rate for Asians was 6.2 percent, not seasonally adjusted. (See tables A-1, A-2,and A-3.)

The number of long-term unemployed (those jobless for 27 weeks and over) was essentially unchanged at 5.3 million in March. These individuals accounted for 42.5 percent of the unemployed. Since April 2010, the number of long-term unemployed has fallen by 1.4 million. (See table A-12.)

The civilian labor force participation rate (63.8 percent) and the employment-population ratio (58.5 percent) were little changed in March.
(See table A-1.)

Go here to see the detailed report from Bureau of Labor Statistics -- THE EMPLOYMENT SITUATION

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Original content Bob DeMarco, All American Investor