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Fri Apr 2, 2021, 08:36 AM

The U.S. economy added 916,000 jobs in March as recovery gains steam again

Source: Washington Post

The U.S. economy added 916,000 jobs in March, the highest level in months, as vaccine distribution and declining caseloads helped accelerate a recovery in the labor market.

The unemployment rate edged down to 6 percent from 6.2 percent in February.

The labor market recovered about 12 million of the 22 million jobs lost in the first two months of the pandemic by October, but until Friday's report, the pace of the recovery had slowed greatly, as the virus surged through the holidays and into the New Year.

But the March data is yet another reason for optimism, as coronavirus vaccines become more accessible throughout the country and caseloads remain well below their peaks.

Read more: https://www.washingtonpost.com/business/2021/04/02/march-jobs-report-unemployment-stimulus/



Computer was moving slow this morning but posted.

Our DU economic analysts should be along shortly with the deep dives. TGIF!




TEXT

BLS-Labor Statistics
@BLS_gov
Payroll employment rises by 916,000 in March; unemployment rate edges down to 6.0% http://go.usa.gov/vrK #JobsReport #BLSdata
8:30 AM · Apr 2, 2021

16 replies, 1403 views

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Reply The U.S. economy added 916,000 jobs in March as recovery gains steam again (Original post)
BumRushDaShow Apr 2021 OP
mahatmakanejeeves Apr 2021 #1
BumRushDaShow Apr 2021 #4
IronLionZion Apr 2021 #6
progree Apr 2021 #10
mahatmakanejeeves Apr 2021 #13
mahatmakanejeeves Apr 2021 #2
mahatmakanejeeves Apr 2021 #3
ancianita Apr 2021 #5
Norbert Apr 2021 #7
ancianita Apr 2021 #8
Stuart G Apr 2021 #9
progree Apr 2021 #11
progree Apr 2021 #12
BumRushDaShow Apr 2021 #15
llmart Apr 2021 #14
mahatmakanejeeves Apr 2021 #16

Response to BumRushDaShow (Original post)

Fri Apr 2, 2021, 08:49 AM

1. Good morning. As you know, KYW was saying this morning that an increase of 500,000 was expected.

I'll have more later.

Thanks for the thread.

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Response to mahatmakanejeeves (Reply #1)

Fri Apr 2, 2021, 09:21 AM

4. I was actually surprised they did it this week

rather than next but then I do know they advertise the schedule for releases so...

That figure was extremely surprising.

Thanks for checking in!!

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Response to mahatmakanejeeves (Reply #1)

Fri Apr 2, 2021, 09:24 AM

6. That was ADP's number on Wednesday

Plenty of jobs must be from small businesses who don't use ADP for payroll. Lots of bar and restaurants and event venues have been hiring and opening back up

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Response to IronLionZion (Reply #6)

Fri Apr 2, 2021, 10:28 AM

10. ADP handles about 20% of payrolls. As for how they estimate the other 80%, I have no idea

but they do somehow. Over time, on average, the ADP and the BLS roughly match, though for any given month they can be way different sometimes -- I think MahatmaKaneJeeves occasionally posts something that includes a graph of ADP and the BLS private sector jobs numbers.

https://www.federalreserve.gov/newsevents/speech/powell20191008a.htm
Jerome Powell Fed Chair at the time:

"Several years ago, we began a collaboration with the payroll processing firm ADP to construct a measure of payroll employment from their data set, which covers about 20 percent of the nation's private workforce" - Jerome Powell, 10/18/19


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Response to IronLionZion (Reply #6)

Fri Apr 2, 2021, 10:45 AM

13. For brevity, I snipped BLS's industry-by-industry job gain data, but it's in their report.

And good morning.

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Response to BumRushDaShow (Original post)

Fri Apr 2, 2021, 09:02 AM

2. From the source:

Payroll employment rises by 916,000 in March; unemployment rate edges down to 6.0%

Economic News Release

Employment Situation Summary USDL-21-0582
Transmission of material in this news release is embargoed until 8:30 a.m. (ET) Friday, April 2, 2021

Technical information:
Household data: [email protected] * www.bls.gov/cps
Establishment data: [email protected] * www.bls.gov/ces

Media contact: (202) 691-5902 * [email protected]


THE EMPLOYMENT SITUATION -- MARCH 2021


Total nonfarm payroll employment rose by 916,000 in March, and the unemployment rate edged down to 6.0 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic. Job growth was widespread in March, led by gains in leisure and hospitality, public and private education, and construction.

This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.

Household Survey Data

The unemployment rate edged down to 6.0 percent in March. The rate is down considerably from its recent high in April 2020 but is 2.5 percentage points higher than its pre-pandemic level in February 2020. The number of unemployed persons, at 9.7 million, continued to trend down in March but is 4.0 million higher than in February 2020. (See table A-1. See the box note at the end of this news release for more information about how the household survey and its measures were affected by the coronavirus pandemic.)

{snip}

The labor force participation rate changed little at 61.5 percent in March. This measure is 1.8 percentage points lower than in February 2020. The employment-population ratio, at 57.8 percent, was up by 0.2 percentage point over the month but is 3.3 percentage points lower than in February 2020. (See table A-1.)

{snip}

Among those not in the labor force who currently want a job, the number of persons marginally attached to the labor force, at 1.9 million, was essentially unchanged in March but is up by 416,000 since February 2020. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, was 523,000 in March, essentially unchanged from the previous month. (See Summary table A.)

Household Survey Supplemental Data

In March, 21.0 percent of employed persons teleworked because of the coronavirus pandemic, down from 22.7 percent in the prior month. These data refer to employed persons who teleworked or worked at home for pay at some point in the last 4 weeks specifically because of the pandemic.

In March, 11.4 million persons reported that they had been unable to work because their employer closed or lost business due to the pandemic--that is, they did not work at all or worked fewer hours at some point in the last 4 weeks due to the pandemic. This measure is down from 13.3 million in the previous month. Among those who reported in March that they were unable to work because of pandemic-related closures or lost business, 10.2 percent received at least some pay from their employer for the hours not worked, little changed from the previous month.

Among those not in the labor force in March, 3.7 million persons were prevented from looking for work due to the pandemic. This measure is down from 4.2 million the month before. (To be counted as unemployed, by definition, individuals must be either actively looking for work or on temporary layoff.)

These supplemental data come from questions added to the household survey beginning in May 2020 to help gauge the effects of the pandemic on the labor market. The data are not seasonally adjusted. Tables with estimates from the supplemental questions for all months are available online at www.bls.gov/cps/effects-of-the-coronavirus-covid-19-pandemic.htm.

Establishment Survey Data

Total nonfarm payroll employment increased by 916,000 in March but is down by 8.4 million, or 5.5 percent, from its pre-pandemic peak in February 2020. Job growth in March was widespread, with the largest gains occurring in leisure and hospitality, public and private education, and construction. (See table B-1. See the box note at the end of this news release for more information about how the establishment survey and its measures were affected by the coronavirus pandemic.)

{snip}

In March, average hourly earnings for all employees on private nonfarm payrolls fell by 4 cents to $29.96. Average hourly earnings for private-sector production and nonsupervisory employees, at $25.21, changed little (+2 cents). The large employment fluctuations over the past year--especially in industries with lower-paid workers--complicate the analysis of recent trends in average hourly earnings. (See tables B-3 and B-8.)

The average workweek for all employees on private nonfarm payrolls increased by 0.3 hour to 34.9 hours in March, following a decline of 0.4 hour in the prior month. In manufacturing, the workweek increased by 0.2 hour to 40.5 hours over the month, and overtime increased by 0.1 hour to 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls rose by 0.3 hour to 34.3 hours. (See tables B-2 and B-7.)

The change in total nonfarm payroll employment for January was revised up by 67,000, from +166,000 to +233,000, and the change for February was revised up by 89,000, from +379,000 to +468,000. With these revisions, employment in January and February combined was 156,000 higher than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)

_____________
The Employment Situation for April is scheduled to be released on Friday, May 7, 2021, at 8:30 a.m. (ET).

* * * * *

[center]Facilities for Sensory Impaired[/center]

Information from these releases will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200, Federal Relay Services: 1-800-877-8339.

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Response to BumRushDaShow (Original post)

Fri Apr 2, 2021, 09:13 AM

3. Links to earlier reports:

Good morning, all.

Wed Mar 31, 2021: Links to earlier reports:

Fri Mar 5, 2021: Links to earlier reports:

Wed Mar 3, 2021: Links to earlier reports:

Fri Feb 5, 2021: Links to earlier reports:

Wed Feb 3, 2021: Links to earlier reports:

Fri Jan 8, 2021: Links to earlier reports:

Wed Jan 6, 2021: Links to earlier reports:

Fri Dec 4, 2020: Links to earlier reports:

Wed Dec 2, 2020: Links to earlier reports:

Fri Nov 6, 2020: Links to earlier reports:

Wed Nov 4, 2020: Links to earlier reports:

Fri Oct 2, 2020: Links to earlier reports:

Wed Sep 30, 2020: Links to earlier reports:

Fri Sep 4, 2020: Links to earlier reports:

Wed Sep 2, 2020: Links to earlier reports:

Fri Aug 7, 2020: Links to earlier reports:

Wed Aug 5, 2020: Links to earlier reports:

Thu Jul 2, 2020: Links to earlier reports:

Fri Jun 5, 2020: Links to earlier reports:

Fri May 8, 2020: Links to earlier reports:

Friday, April 3, 2020: Links to earlier reports:

Wednesday, March 4, 2020: Links to earlier reports:

Friday, February 7, 2020: Links to earlier reports:

Thursday, January 9, 2020: Links to earlier reports:

Updated from this post of Friday, December 6, 2019: Good morning. Links to earlier reports:

-- -- -- -- -- --

[center]Past Performance is Not a Guarantee of Future Results.[/center]

Nonetheless, what is important is not this month's results, but the trend. Let’s look at some earlier numbers:

ADP[sup]®[/sup] (Automatic Data Processing), for employment in March 2021:

Private employers added back 517,000 jobs in March, missing expectations: ADP

Bureau of Labor Statistics, for employment in February 2021:

The economy added 379,000 jobs in February

ADP[sup]®[/sup] (Automatic Data Processing), for employment in February 2021:

ADP National Employment Report: Private Sector Employment Increased by 117,000 Jobs in February

Bureau of Labor Statistics, for employment in January 2021:

Unemployment rate falls to 6.3% in January; payroll employment changes little (+49,000)

ADP[sup]®[/sup] (Automatic Data Processing), for employment in January 2021:

ADP National Employment Report: Private Sector Employment Increased by 174,000 Jobs in January

Bureau of Labor Statistics, for employment in December 2020:

The economy lost 140,000 jobs in December

ADP[sup]®[/sup] (Automatic Data Processing), for employment in December 2020:

Private-sector employment decreased by 123,000 from November to December, seasonally adjusted

Bureau of Labor Statistics, for employment in November 2020:

Job Growth Slows Sharply As Pandemic Takes Toll On Economy

ADP[sup]®[/sup] (Automatic Data Processing), for employment in November 2020:

Private-sector employment increased by 307,000 from October to November, on a seasonally adjusted

Bureau of Labor Statistics, for employment in October 2020:

U.S. added 638,000 jobs in October, unemployment rate slides to 6.9%

ADP[sup]®[/sup] (Automatic Data Processing), for employment in October 2020:

Private-sector employment increased by 365,000 from September to October, on a seasonally adjusted

Bureau of Labor Statistics, for employment in September 2020:

September jobs report: US economy gains 661,000 payrolls, unemployment rate ticks down to 7.9%

ADP[sup]®[/sup] (Automatic Data Processing), for employment in September 2020:

Private-sector employment increased by 749,000 from August to September on seasonally adjusted basis

Bureau of Labor Statistics, for employment in August 2020:

Economy adds 1.4 million jobs in August, and the unemployment rate fell below 10 percent

ADP[sup]®[/sup] (Automatic Data Processing), for employment in August 2020:

Private-sector employment increased by 428,000 from July to August, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in July 2020:

Nonfarm payroll employment rises by 1.8 million in July; unemployment rate falls to 10.2%

ADP[sup]®[/sup] (Automatic Data Processing), for employment in July 2020:

Private-sector employment increased by 167,000 from June to July, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in June 2020:

Nonfarm payroll employment rises by 4.8 million in June; unemployment rate falls to 11.1%

ADP[sup]®[/sup] (Automatic Data Processing), for employment in June 2020:

ADP National Employment Report: Private Sector Employment Increased by 2,369,000 Jobs in June

Bureau of Labor Statistics, for employment in May 2020:

Unemployment rate drops to 13 percent, as the economy began to lose jobs at a slower pace

ADP[sup]®[/sup] (Automatic Data Processing), for employment in May 2020:

Private-sector employment decreased by 2,760,000 from April to May, on a seasonally adjusted basis.

Bureau of Labor Statistics, for employment in April 2020:

Jobless rate soared to 14.7% in April as U.S. shed 20.5 million jobs amid coronavirus pandemic

ADP[sup]®[/sup] (Automatic Data Processing), for employment in April 2020:

ADP National Employment Report: Private Sector Employment Decreased by 20,236,000 Jobs in April

Bureau of Labor Statistics, for employment in March 2020:

Nonfarm payroll employment falls by 701,000 in March; unemployment rate rises to 4.4%

ADP[sup]®[/sup] (Automatic Data Processing), for employment in March 2020:

Private-sector employment decreased by 27,000 from February to March, on a seasonally adjusted basis

Bureau of Labor Statistics, for employment in February 2020:

The U.S. labor market showed strength in February, adding 273,000 jobs

ADP[sup]®[/sup] (Automatic Data Processing), for employment in February 2020:

U.S. adds 183,000 private-sector jobs in February, ADP says

Bureau of Labor Statistics, for employment in January 2020:

The economy added 225,000 jobs in January, showing continued strength

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Response to mahatmakanejeeves (Reply #3)

Fri Apr 2, 2021, 09:23 AM

5. This is awesome. When the President's Infrastructure Plan is passed, unemployment will eventually

be at ZERO.

Thanks!

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Response to ancianita (Reply #5)

Fri Apr 2, 2021, 09:32 AM

7. Not likely Unemployment will ever be at Zero

but If the number would be at 4% or less the only thing to really worry about is, does the 96% have a job that pays a living wage. The infrastructure bill will help to minimize that.

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Response to Norbert (Reply #7)

Fri Apr 2, 2021, 09:42 AM

8. Theoretically, I agree. But in reality, when this rolls out, everyone who wants and needs a job

will have one. With Joe focusing on unions setting the standards for skilled labor on the infrastructure rollout, the only people not likely to make a living wage will be in red states, where they will fight for unions to be re-established.

This Build Back Better will expand a new middle class along with greening infrastructure. Workers in red states will never again be suckers for the austerity economics lingo of their KKKOP leaders.

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Response to BumRushDaShow (Original post)

Fri Apr 2, 2021, 10:02 AM

9. Kick for all to see...Great News!!!

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Response to BumRushDaShow (Original post)

Fri Apr 2, 2021, 10:33 AM

11. Links to some BLS Data Series Numbers and Graphs.

Last edited Wed Apr 28, 2021, 08:13 PM - Edit history (1)

*************************************************************
THE NUMBERS BELOW ARE OLD -- they are from the February report that came out March 5. I won't have time to update them this morning. I'm just posting this for the links to the data series...
*************************************************************
Every one of these data series comes with a table and graph.

# Nonfarm Employment (Establishment Survey, https://data.bls.gov/timeseries/CES0000000001
Monthly changes (in thousands): https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth
2019: 237 -50 168 219 63 175 193 195 221 195 234 161
2020: 315 289 -1683 -20679 2833 4846 1726 1583 716 680 264 -227
2021: 166 379
January and February are Preliminary. In thousands

   NOT SEASONALLY ADJUSTED: https://data.bls.gov/timeseries/CEU0000000001

# Employed in thousands from the separate Household Survey, http://data.bls.gov/timeseries/LNS12000000
Monthly changes (in thousands): http://data.bls.gov/timeseries/LNS12000000?output_view=net_1mth

2019: -120 279 -95 -68 142 248 486 244 369 126 184 195
2020: -76 73 -3196 -22166 3854 4876 1677 3499 267 2126 140 21
2021: 201 208
Jan and Feb of each year are affected by changes in population controls. In thousands

   NOT SEASONALLY ADJUSTED: https://data.bls.gov/timeseries/LNU02000000

# Nonfarm PRIVATE Employment (Establishment Survey, https://data.bls.gov/timeseries/CES0500000001
Monthly changes: https://data.bls.gov/timeseries/CES0500000001?output_view=net_1mth
    ^-Good for comparison to the ADP report that typically comes out a few days earlier
NOT SEASONALLY ADJUSTED: https://data.bls.gov/timeseries/CEU0500000001

# INFLATION ADJUSTED Weekly Earnings of Production and Non-Supervisory Workers http://data.bls.gov/timeseries/CES0500000031

# Labor Force http://data.bls.gov/timeseries/LNS11000000?output_view=net_1mth
The labor force is the sum of employed and unemployed. To count as unemployed, one must have actively sought work in the past 4 weeks (just looking at want ads and job postings doesn't count)
Monthly change in thousands:
2020: -124 -7 -1727 -6243 1722 1597 288 733 -740 640 -182 31
2021: -406 50
Total count in thousands:
2020: 164455 164448 162721 156478 158200 159797 160085 160818 160078 160718 160536 160567
2021: 160161 160211
February 2021 is down 4.237 million from February 2020 -- lots of people are discouraged from looking because of poor prospects and/or concerns over coronavirus. And note that February is down 356,000 from December and down 607,000 over the past 6 months
January and February data affected by changes in population controls.


# Unemployed http://data.bls.gov/timeseries/LNS13000000
2020: 5796 5717 7185 23109 20975 17697 16308 13542 12535 11049 10728 10736
2021: 10130 9972 (in thousands)

# ETPR (Employment-To-Population Ratio) aka Employment Rate http://data.bls.gov/timeseries/LNS12300000

# LFPR (Labor Force Participation rate) http://data.bls.gov/timeseries/LNS11300000

# Unemployment rate http://data.bls.gov/timeseries/LNS14000000

# U-6 unemployment rate http://data.bls.gov/timeseries/LNS13327709

# NILF -- Not in Labor Forcehttp://data.bls.gov/timeseries/LNS15000000

# NILF-WJ -- Not in Labor Force, Wants Job http://data.bls.gov/timeseries/LNS15026639

# Part-Time Workers who want Full-Time Jobs (Table A-8's Part-Time For Economic Reasons) http://data.bls.gov/timeseries/LNS12032194

# Part-Time Workers (Table A-9) http://data.bls.gov/timeseries/LNS12600000

# Full-Time Workers (Table A-9) http://data.bls.gov/timeseries/LNS12500000

# Multiple Jobholders as a Percent of Employed (Table A-9) https://data.bls.gov/timeseries/LNS12026620

# Civilian non-institutional population
Seasonally adjusted (they seem to have gotten rid of this) https://data.bls.gov/timeseries/LNS10000000
NOT seasonally adjusted: https://data.bls.gov/timeseries/LNU00000000

# Black unemployment rate (%), https://data.bls.gov/timeseries/LNS14000006
2020: 6.1 6.0 6.8 16.7 16.7 15.3 14.4 12.8 12.0 10.8 10.3 9.9  
2021: 9.2 9.9   Trump: "what have you got to lose?"

# Hispanic or Latino unemployment rate (%), https://data.bls.gov/timeseries/LNS14000009
2020: 4.3 4.4 6.0 18.9 17.6 14.5 12.7 10.5 10.3 8.8 8.4 9.3
2021: 8.6 8.5

# White unemployment rate (%), https://data.bls.gov/timeseries/LNS14000003
2020: 3.0 3.0 3.9 14.1 12.3 10.1 9.2 7.4 7.0 6.0 5.9 6.0
2021: 5.7 5.6

LFPR - Labor Force Participation Rate for some age groups
The LFPR is the Employed + jobless people who have looked for work in the last 4 weeks (and say they want a job and are able to take one if offered). All divided by the civilian non-institutional population age 16+.
SA means Seasonally adjusted. NSA means Not Seasonally Adjusted
16+: SA: http://data.bls.gov/timeseries/LNS11300000 NSA: http://data.bls.gov/timeseries/LNU01300000
25-34: SA: http://data.bls.gov/timeseries/LNS11300089 NSA: http://data.bls.gov/timeseries/LNU01300089
25-54: SA: http://data.bls.gov/timeseries/LNS11300060 NSA: http://data.bls.gov/timeseries/LNU01300060
55+: SA: http://data.bls.gov/timeseries/LNS11324230 NSA: http://data.bls.gov/timeseries/LNU01324230
65+: SA: ---------------- NSA: http://data.bls.gov/timeseries/LNU01300097

LFPR - Labor Force Particpation Rate (prime age 25-54) by gender
All: http://data.bls.gov/timeseries/LNS11300060
Men: http://data.bls.gov/timeseries/LNS11300061
Women: http://data.bls.gov/timeseries/LNS11300062


ETPR - Employment to Population Ratio for some age groups
SA means Seasonally adjusted. NSA means Not Seasonally Adjusted
16+: SA: http://data.bls.gov/timeseries/LNS12300000 NSA: http://data.bls.gov/timeseries/LNU02300000
25-34: http://data.bls.gov/timeseries/LNS12300089 NSA: http://data.bls.gov/timeseries/LNU02300089
25-54: SA: http://data.bls.gov/timeseries/LNS12300060 NSA: http://data.bls.gov/timeseries/LNU02300060
55+: SA: http://data.bls.gov/timeseries/LNS12324230 NSA: http://data.bls.gov/timeseries/LNU02324230
65+: SA: ---------------- NSA: http://data.bls.gov/timeseries/LNU02300097

Inflation rate (CPI)
. . . Monthly report: https://www.bls.gov/news.release/cpi.nr0.htm
. . . Calculator at: https://www.bls.gov/data/inflation_calculator.htm

Grocery prices (food at home) inflation compared to overall inflation rate
. . . . . https://www.in2013dollars.com/Food-at-home/price-inflation
. . . From 1947 to 2021 and from 2000 to 2021, food at home inflation very slightly lagged the overall inflation rate
. . . . . https://www.democraticunderground.com/10142735789

Data series finder: https://www.bls.gov/data/#employment

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Response to BumRushDaShow (Original post)

Fri Apr 2, 2021, 10:39 AM

12. I see we gained more than a million jobs compared to last month's report:

From BLS, in post number 2
With these revisions, employment in January and February combined was 156,000 higher than previously reported.


+916,000 jobs added in March
+156,000 upward revision in January and February combined
------------------------------------------------------
+1,072,000 Additional jobs in today's report compared to the February report that came out March 5.

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Response to progree (Reply #12)

Fri Apr 2, 2021, 11:51 AM

15. Was about to hunt for the revisions.

That's pretty significant. Thank you!

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Response to BumRushDaShow (Original post)

Fri Apr 2, 2021, 11:34 AM

14. Biden's mantra all along was get control of the virus and the jobs will return.

He is exactly who we needed at this time in history.

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Response to BumRushDaShow (Original post)

Mon Apr 12, 2021, 01:43 PM

16. Biden Economist Plans To Tackle Economic Disparities Caused By COVID-19

POLITICS

Biden Economist Plans To Tackle Economic Disparities Caused By COVID-19

April 6, 2021 5:03 AM ET
Heard on Morning Edition

AYESHA RASCOE Twitter https://www.twitter.com/ayesharascoe

The economic fallout from COVID-19 hit communities of color hard. One official leading the federal response is Labor Department Chief Economist Janelle Jones, the first Black woman in that post.

STEVE INSKEEP, HOST:

The pandemic worsened economic equality. So what does the Biden administration plan to do about it? NPR's Ayesha Rascoe talked with Janelle Jones, the chief economist at the Labor Department and the first Black woman to hold that job.

AYESHA RASCOE, BYLINE: Employers added more than 900,000 jobs last month. That's a banner number for any administration, and the unemployment rate dropped to 6%. But Janelle Jones, the first Black woman to serve as the top economist for the Labor Department, says you have to dig further into those numbers.

JANELLE JONES: Whenever someone tells me a headline number or tells me the economy is doing really well, my immediate follow-up question is, for who? And who is being left behind and who is not included?

RASCOE: The answer, as it has been for years, is a lot of the country that is not white or male. With the growth in vaccinations, businesses like restaurants and hotels are making more money and hiring more people. Jones says that's good news for Black and Latino women who are overrepresented in the leisure and hospitality sector. Still, unemployment only fell to 7.9% for Latinos and 9.6% percent for African Americans.

JONES: If the overall unemployment rate was 9.6% for all workers, we would be running around with, like, our heads on fire. That is crisis levels of unemployment.

{snip}

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