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U.S. Economy Added Just 103,000 Jobs in March

The U.S. added fewer jobs in March than expected, registering a net gain of 103,000. That number still allowed the economy to record its 90th consecutive month of growth.

The Bureau of Labor Statistics reported that the unemployment rate remained unchanged at 4.1%. The average hourly earnings for all employees on private nonfarm payrolls rose 8 cents in March to $26.82, which comes after a three-cent bump in February.

BLS’ William J. Wiatrowski noted “over the past 12 months, average hourly earnings have risen by 2.7%.”

January’s numbers were revised downward from a gain of 239,000 to 176,000. February’s initial report of 313,000 jobs, the biggest increase in 1½ years, was revised upwards, to a gain of 326,000.

Following revisions for January and February that decreased nonfarm payroll employment by 50,000 jobs,  monthly employment gains have now averaged 202,000 over the past three months.

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Read more at Bureau Labor StatisticsConnect With BLS’ Wiatrowski

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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  • ◦Economy