{"id":8218,"date":"2010-04-02T13:18:19","date_gmt":"2010-04-02T17:18:19","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8218"},"modified":"2010-04-02T13:18:19","modified_gmt":"2010-04-02T17:18:19","slug":"us-nonfarm-employment-rises-by-162000-in-march-unemployment-rate-steady-at-9-7","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/02\/us-nonfarm-employment-rises-by-162000-in-march-unemployment-rate-steady-at-9-7\/","title":{"rendered":"US Nonfarm Employment rises by 162,000 in March. Unemployment rate steady at 9.7%."},"content":{"rendered":"

By CountingPips.com<\/strong><\/p>\n

U.S. Nonfarm Payrolls employment data released today showed that jobs rose by the most in three years in the month of March while February\u2019s jobs data was revised to a better showing. The Department of Labor nonfarm payrolls report showed that employment grew by 162,000 workers in March following February\u2019s revised job loss of 14,000 workers. \"\"<\/a>This was the best showing in private employment since May of 2007.<\/p>\n

The jobs data, despite the increase, failed to surpass market forecasts that were predicting an increase by approximately 184,000 workers for the month.<\/p>\n

The unemployment rate held steady at 9.7 percent for a third straight month with 15.0 million workers remaining unemployed. The 9.7 percent rate level was in line with expectations from market forecasts.<\/p>\n

February’s employment totals were revised from an original estimate of 36,000 jobs lost to 14,000 jobs lost for the month while January’s employment data was revised from a loss of 26,000 jobs to a gain of 14,000 jobs.<\/p>\n

The service-providing sector led the way of job creation as this sector gained 82,000 total workers in March as the education & health services sector added 45,000 jobs and the professional and business services sector increased by 11,000 jobs. Retail trade added 14,900 jobs and leisure and hospitality also added 22,000 jobs.<\/p>\n

The goods-producing sector added 41,000 total jobs in March with the construction sector gaining 15,000 jobs and manufacturing creating 17,000 jobs. Mining and logging also added 9,000 workers for the month.<\/p>\n

Government hiring, boosted by census hires, increased by 39,000 workers in March after shedding 22,000 workers in February.<\/p>\n","protected":false},"excerpt":{"rendered":"

The unemployment rate held steady at 9.7 percent for a third straight month…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8218","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8218"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8218\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}