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The number of American employees increased dramatically in March for the first time in seven months, showing improvement in most industries. The job market quickly recovered as the new coronavirus was vaccinated and business restrictions were relaxed.
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In terms of the number of employees by industry, entertainment and hospitality increased by 280,000, which was a driving force. The construction industry, which declined due to bad weather in February, increased by 110,000. As more schools reopened, so did education.
Manufacturing has increased by 53,000, the largest increase since September last year.
Road to recovery
Despite recent progress, payrolls remain below pre-pandemic levels
Source: Bureau of Labor Statistics
The underemployment rate called “U6” has been reduced to 10.7%. U6 includes workers who want a full-time job but have part-time jobs and those who want to get a job but are not actively looking for work.
The labor force participation rate, which is the percentage of workers and those actively seeking employment, was 61.5%, a slight increase from 61.4% the previous month. The rate of participation in the labor force in the prime of life between the ages of 25 and 54 has also increased. Women have also returned to work.
Average weekly working hours increased by 18 minutes to 34.9 hours. The reaction to bad weather in February is believed to be one of the causes.
Economists at Bloomberg Economics, including Karl Rikadonna, said in a report: “The unemployment rate has fallen due to a significant increase in employment, and this trend will continue in the coming months, but unless labor force participation improve more significantly. The unemployment rate will decrease. “
Race details
- Unemployment rate declines for all races except Asians
- The Asian unemployment rate was 6%, up from 5.1% last month, reflecting both the growing workforce and rising unemployment.
- Black unemployment fell to 9.6%, even higher by race
- Latin American unemployment has fallen to 7.9% and white unemployment has fallen to 5.4%
See the table for details of the statistics.
Original title:US job growth topped 900,000 in March as hiring expanded （抜 粋）
(Update with racial details and comments)
