Statement of Commissioner Bureau of Labor Statistics on March Employment

 
Monday, April 10, 2006
 
Nonfarm payroll employment rose by 211,000 in March, following an increase of 225,000 in February. During the 12 months ending in March, monthly employment growth averaged 174,000. Over the month, there were widespread job gains in the service-providing sector. The unemployment rate was little changed at 4.7 percent.

Employment in professional and business services rose by 52,000 in March. Several component industries continued to add jobs, including architectural and engineering services, computer systems design, management and consulting services, and services to buildings and dwellings.

The leisure and hospitality industry added 42,000 jobs over the month, largely due to a sizable gain in food services and drinking places. Health care employment increased by 24,000, reflecting continued growth in hospitals, physicians‚ offices, and home health care services.

A large job gain in general merchandise stores pushed employment in retail trade up by 29,000 in March. Wholesale trade continued to add workers over the month. Financial activities added 16,000 jobs, with continued growth in credit intermediation and in insurance.

In the goods-producing sector, mining employment continued to grow in March, largely in support activities in oil and gas. Employment in manufacturing was about unchanged, as a gain in computer and electronic products was offset by job losses in textile mills and in plastics and rubber products. Construction employment also was essentially unchanged in March, after rising by 81,000 in the previous 2 months.

Average hourly earnings for private production or nonsupervisory workers rose by 3 cents in March, following an increase of 6 cents in February. Over the year, hourly earnings increased by 3.4 percent. The average workweek was unchanged in March, at 33.8 hours. The manufacturing workweek and overtime hours also were unchanged, at 41.0 and 4.5 hours, respectively.
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