March Jobs Report

The Bureau of Labor Statistics is expected to release U.S. joblessness data at 8:30 a.m. EDT, April 4. Watch here for live news, updates and analysis.

  • Here's the March jobs report.

    The US economy added 192,000 jobs, unemployment was unchanged at 6.7%. The number of long-term unemployed Americans is basically constant at 3.7 million. February's number was revised up to 197,000 and average hourly earnings fell by a cent and are up just 2.1% since last March.

    The headline numbers of jobs added and the overall unemployment are, however, becoming less relevant indicators of how strong or weak the labor market actually is. The US has been adding jobs at a low but steady rate for years, and unemployment has been falling. But the debate about what economists call slack in the labor market focuses on other indicators: wage growth (which has not been strong for several years), long-term unemployment, and the percentage of Americans participating in the jobs market. 

    Last week Janet Yellen said what many Americans have felt:  the job market is far from its full potential, and in some respects, is still weak. As Evan Soltas put it, it seems like "the job market is working for some even as it fails others".

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