Morning Must-Read: Bureau of Labor Statistics: Employment Situation Summary

Bureau of Labor Statistics: Employment Situation Summary: “Total nonfarm payroll employment rose by 192,000 in March…

…and the unemployment rate was unchanged at 6.7 percent…. In March, the number of unemployed persons was essentially unchanged at 10.5 million, and the unemployment rate held at 6.7 percent…. The number of long-term unemployed (those jobless for 27 weeks or more), at 3.7 million, changed little in March…. The labor force participation rate (63.2 percent) and the employment-population ratio (58.9 percent) changed little over the month…. The number of persons employed part
time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed….

Total nonfarm payroll employment rose by 192,000 in March. Job growth averaged 183,000 per month over the prior 12 months…. The average workweek for all employees on private nonfarm payrolls increased by 0.2
hour in March to 34.5 hours, offsetting a net decline over the prior 3 months…. In March, average hourly earnings for all employees on private nonfarm payrolls edged down by 1 cent to $24.30…. Over the year, average hourly earnings have risen by 49 cents, or 2.1 percent…