By ~ Calculated risk 4/04/2025 09:14:00 am
The headline work number in the March Employment Report was higher than expected, but the salary in January and February was revised to 48,000. Participation rate increased, the percentage of employment population did not change, and unemployment rate increased to 4.2%.
The overall participation rate is influenced by periodic (recession) and demographic statistics (aging population, young people who stay in school), so the percentage of employment population of major labor age groups is 25 to 54 years old.
Participation rate of 25-54 years decreased from 83.5%in February to 83.3%in March.
The percentage of employment population of 25-54 decreased from 80.5%last month to 80.4%.
Average hourly wage
This graph shows the nominal change of “average hourly income” for all private employees in the current employment statistics (CES).
Wage growth was 3.8% in March after reaching its peak at 5.9% YoY in March 2022.
Part -time for economic reasons
In BLS report:
“For economic reasons, the number of people hired as part -time was 4.8 million, which has rarely changed in March. This individual preferred full -time employment, but worked as part -time because he had reduced time or could not find a full time job.“
For economic reasons, the number of people working in part -time decreased from 4.94 million in February to 47.8 million in March. This is higher than the previous level.
These workers Alternative measurement The utilization rate of labor decreased from 8.0%of last month to 7.9%(U-6). This fell from the highest level in the 22.9%record in April 2020 and fell at the lowest level (seasonal adjustment) in December 2022 (6.6%). (This series started in 1994). This measurement is 7.0% in February 2020.
Unemployed for 26 weeks
This graph shows the number of unemployed more than 27 weeks.
According to the BLS, there are 1.46 million workers who have been unemployed for more than 26 weeks but still wants to work in 144 million people.
This is higher than the previous level.
Job march
According to the Employment Report by March 2025, positive growth was 51 consecutive months in a row, and the current march ranked second in the longest job in American history (after 1939).
| Headline work, top 10 strike | ||
|---|---|---|
| The year is over | Striped, months | |
| 1 | 2020 | 113 |
| 2 | Currently, not applicable | 511 |
| 3 | 1990 | 48 |
| 4 | 2007 | 46 |
| 5 | 1979 | 45 |
| 6 tie | 1943 | 33 |
| 6 tie | 1986 | 33 |
| 6 tie | 2000 | 33 |
| 9 | 1967 | 29 |
| 10 | 1995 | 25 |
| 1Current stripes | ||
summation:
The headline work number in the March Employment Report was higher than expected, but the salary in January and February was revised to 48,000. Participation rate increased, the percentage of employment population did not change, and unemployment rate increased to 4.2%.
This was a solid employment report.
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