Employers Added 98000 Jobs in March Below Expectations of 180000

US weekly jobless claims post largest drop in almost two years

The unemployment rate fell from 4.7 percent to 4.5 percent in March, the lowest level since May 2007. Total nonfarm payroll employment increased 1,700 in February, with gains of 1,400 in the goods-producing sector and 300 in the service-providing sector. That figure is down from the 187,000 monthly average a year ago.

Charlottesville and Madison, Greene and Fluvanna counties all had the lowest unemployment rate in the area in February at 3.1 percent.

However, the unemployment rate fell from 4.7% to 4.5%, the lowest level in nearly a decade, defying forecast for an unchanged reading.

Average hourly earnings increased 5 cents or 0.2 percent in March after rising 0.3 percent in February.

Medium-sized businesses (50 to 499 employees) gained 100,000 jobs during the month, and large businesses (500 or more employees) added 45,000, ADP said.

"After the unseasonably warm January and February, which pushed monthly job gains back above 200,000, there was always going to be some pay back in March, when the weather snapped back to seasonal norms, including some heavy snowstorms", wrote Paul Ashworth, chief US economist for Capital Economics.

Construction jobs, which grew by a strong 58,000 positions in February thanks to the unseasonably warm weather across much of the country, were not a strong point in March, Labor said.

Overall job growth in March was well below the 219,000 figure from the previous month. The number of long-term unemployed - people who have been without a job for 27 weeks or longer - was little changed during the month at 1.7 million and accounted for 23.3 percent of the unemployed. Despite the decline, Meigs County held steady in second place in terms of having the highest unemployment rate in the state's 88 counties.

Aberdeen Asset Management investment strategist Luke Bartholomew said the decline in job creation was another sign of a "pretty tight" labour market.

Weather-related disruptions to the economy could have slowed hiring in March, and employers could be finding it more hard to fill job openings as labor market slack diminishes. The private service-providing sector, at 3,828,700, increased 9,200. Education and health care services added the fewest jobs in 15 months.

Related News:

  • Monaco vs Borussia Dortmund

    Monaco vs Borussia Dortmund

    We're the team that's played the most games in all of Europe. "It was very hard for the players so I can't be too critical".

    WisdomTree Investments, Inc. (WETF) Closed its Previous Trade at $8.44

    If you are accessing this report on another site, it was illegally stolen and republished in violation of global copyright laws. The mean estimate of short term price target for WETF's stock is marked at $9.94 according to consensus agreement of Analysts.
    Princess Victoria Breaks Down in Tears While Visiting Stockholm Terrorist Attack Site

    Princess Victoria Breaks Down in Tears While Visiting Stockholm Terrorist Attack Site

    It said two were in intensive care, four were seriously injured but the one child was not seriously hurt. The statement said the two leaders agreed on the importance of working together to tackle these threats.
  • Ascent Resources Plc (AST) Rating Reiterated by Northland Securities

    Peel Hunt restated their hold rating on shares of Ashmore Group plc (LON:ASHM) in a research report released on Tuesday morning. The stock was purchased at an average price of GBX 625 ($7.76) per share, with a total value of £197,043.75 ($244,683.66).

    Theresa May seeks Parliament's approval for snap election

    Britain will go to the polls on June 8, after MPs cleared the way for an early general election. She said she preferred "to get out and about and meet voters" instead.

    Europa final would be 'perfect' end to season, says Jose Mourinho

    Shaw, 21, was at fault for Watford's second goal in a 3-1 defeat, with Mourinho publicly criticizing the defender after the game. United prevailed 2-1 on the night, and 3-2 on aggregate, courtesy of an extra-time victor by Marcus Rashford.
  • Xiaomi Mi 6 with Snapdragon 835 launched: Specifications, Features, Price and more

    Xiaomi Mi 6 with Snapdragon 835 launched: Specifications, Features, Price and more

    How much of an upgrade is it on the outgoing Xiaomi Mi 5? Phone was just launched in Beijing in a special tech event. This device came with powerful Snapdragon 835 SoC with 2.45GHZ clock speed and coupled with Adreno 549 GPU.
    Flint's mayor to recommend water source after lead crisi

    Flint's mayor to recommend water source after lead crisi

    Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. Karen Weaver's announcement Tuesday to stay with the Great Lakes Water Authority is a reversal.
    Starbucks barista might lose his mind over the Unicorn Frappuccino

    Starbucks barista might lose his mind over the Unicorn Frappuccino

    The Unicorn Frappuccino will be available through Sunday, April 23 at participating Starbucks stores in Canada, the US and Mexico. Starbucks released its limited edition Unicorn Frappuccino complete with "fairy powders", causing everyone to rush out to try it.
  • Kathleen Kennedy: Carrie Fisher will not be in Star Wars Episode IX

    Kathleen Kennedy: Carrie Fisher will not be in Star Wars Episode IX

    She had an Auntie Mame quality to her. "I'd go to her house and we'd sit on her bed for hours and go through the script", he said. They even shared a steamy make-out session once, he said.

    Bank Of New York Mellon Delivers Double-digit EPS Growth In Q1

    Commerzbank Aktiengesellschaft FI boosted its stake in shares of Bank of New York Mellon Corp by 101.6% in the fourth quarter. Company's distance from 20 day simple moving average is -1.26% and distance from 50-Day simple moving average is -1.25%.
    Bruce powers Mets past Phillies 5-4 to stop 4-game slide

    Bruce powers Mets past Phillies 5-4 to stop 4-game slide

    Collins said he'd like to get Familia into a game right away, but the reliever might be eased back in with a setup role at first. With Wednesday night's pair of home runs, Bruce has now hit six on the season - four of which have given the Mets the lead.


Most liked

Kompany ends 20-month City goal drought in Southampton win
Guardiola's men also have the FA Cup to look forward to, with a game against Arsenal scheduled in the semi-finals next weekend. He added: " In 10 days we play the real final against United so that is why it was so important to win ".

Aviva PLC (LON:AV) Issued With 'Sell' Rating At Berenberg Bank
In an analyst rating update on Monday shares of Ferrexpo PLC (LON:FXPO) had their rating reiterated by analysts at Credit Suisse. Finally, Shore Capital reissued a "hold" rating on shares of Standard Life Plc in a report on Friday, February 24th.

Mitch Haniger's 3 hits, 4 RBIs lifts Seattle past Miami 10-5
Kyle Seager also drove in four runs and was on base four times as the Mariners went 6-3 on their only homestand of April. Chen, the Marlins' 31-year-old starting pitcher, dazzled, puzzled and ultimately constricted the Mariners.

Patriots respond to comparison photo showing team with Obama versus Trump
A reported 34 members of the Patriots visited the Trump White House on Wednesday in celebration of winning Super Bowl 51. He said almost 50 players attended the event in 2015 when Obama hosted.

GTA Online Tiny Racers Mode To Release Next Week, New Trailer Released
Furthermore, should players go to LS Customs, the green tire smoke upgrade can be bought for half its original price. All Weed sales from the player's business will also earn 50% more profits.

Oil struggles for direction as United States output concerns persist
West Texas Intermediate (WTI) crude futures had risen 31 cents, or 0.61 percent, to $50.75 a barrel. Distillate stocks reached their lowest levels since November 2015, the EIA said.

Latest Look At Alien: Covenant Xenomorphs
When they uncover a threat beyond their imagination, they must attempt a harrowing escape. The third image features a mysterious person unleashing pods on the Engineers homeworld.

Joss Whedon wants to explore why Batgirl puts on the cowl
He is pictured at the " Guardians of the Galaxy Vol. 2 " premiere on April 19, 2017 in Hollywood, California. But Whedon has not put any thought to casting the role yet, saying, "I don't have my eye on everybody".

White nationalist Spencer speaks to packed room at Auburn
Hundreds of people gathered outside Foy Hall before Spencer's speech, many of whom were there to protest his appearance. Keith Watkins ruled that Auburn, as a public institution covered by the First Amendment, had to allow Spencer to speak.

Investigation Continues Into Aaron Hernandez's Death
The Patriots had no immediate comment, and President Donald Trump made no mention of Hernandez at the White House event. Through a translator, the father of Safiro Furtado told reporters that he took no joy in Hernandez's death.

Workers relieve pressure on leaking Alaska oil well
The BP-owned well was also leaking crude oil, which stopped after authorities activated a safety valve yesterday (April 16). The oil company will ultimately have to "kill the well", an expensive and risky process that stops the extraction process.

Withholding CSR Funds Could Push More Health Plans Out
To receive the waiver, though, states must set up a high-risk insurance pool or participate in the federal high-risk pool. And there are few signs that an emerging plan to get the bill on track is gaining enough votes to succeed.

Steel Dynamics Reveals 220% Gain In Q1 Profit
On average, analysts expect Steel Dynamics to post $2.75 EPS for the current fiscal year and $2.73 EPS for the next fiscal year. Heading into the earnings release, covering analysts have a consensus target price of $42.62 on Steel Dynamics, Inc. shares.

Toronto Blue Jays Notes: Josh Donaldson Out 2-4 Weeks
I don't want to go on the DL, but hopefully. this has the potential to be (one missed start), get back right after the 10 days". Happ is coming off a career season in 2016, posting a 20-4 record with a 3.18 ERA and a 1.17 WHIP over 195 innings pitched.

Sharks even series with 7-0 win over Oilers in Game 4
Earlier, Connor McDavid was called for interference for hogtying Pavelski, an infraction that led to a goal by Patrick Marleau . Sharks coach Pete DeBoer juggled his lines for the game, moving Marleau to the top line with Pavelski and Joe Thornton .