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Job market bounces back in March with 196,000 gain in payrolls
CNBC ^ | 5 April 2019 | Jeff Cox

Posted on 04/05/2019 5:42:19 AM PDT by ScottinVA

Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8 percent, according to a Bureau of Labor Statistics report Friday.

That was better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end. The unemployment rate met expectations.

Wage gains fell off the recent strong pace, increasing just 0.14 percent for the month and 3.2 percent year over year, below expectations of the 3.4 percent pace from last month. The average work week increased by 0.1 hour to 34.5 hours.

A broader gauge of unemployment that also counts discouraged workers and those holding part-time jobs for economic reasons also was unchanged at 7.3 percent. The measure, known as the “real unemployment rate” is down from 7.9 percent a year ago.

Job gains were fairly broad based.

Health care led with 49,000 new workers, professional and technical services added 34,000 and food and drinking establishments contributed 27,000. Construction rose by 16,000 but manufacturing saw 6,000 jobs lost.

(Excerpt) Read more at cnbc.com ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: economy; jobs; jobsjobsjobs; trumpbump; trumpeconomy; winning
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After February's anomaly of only 20K (now revised to 33K) jobs created, the economy is back on the march.
1 posted on 04/05/2019 5:42:19 AM PDT by ScottinVA
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To: ScottinVA

Thankfully the Obama economy fix finally worked.


2 posted on 04/05/2019 5:45:23 AM PDT by VTenigma (The Democrat party is the party of the mathematically challenged)
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To: ScottinVA

Tax cuts work. Regulation reductions work. Strategic tariffs work.


3 posted on 04/05/2019 5:50:30 AM PDT by 1Old Pro
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To: ScottinVA

These jobs stats are a bit meaningless now. If you want a job the jobs are there.


4 posted on 04/05/2019 5:51:31 AM PDT by guido911 (all)
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To: ScottinVA

With positive numbers like this, even democrats can find work.


5 posted on 04/05/2019 5:55:32 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: guido911

I had a phone interview yesterday.

The catbert I talked to was probably discouraged when I talked money and vacation time.

They might come across on the dough but that’s all.


6 posted on 04/05/2019 6:00:35 AM PDT by wally_bert (Disc jockeys are as interchangeable as spark plugs.)
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To: guido911
These jobs stats are a bit meaningless now. If you want a job the jobs are there.

I drove past the US Steel Clariton Works plant in W PA last week and there were signs posted that US Steel is now hiring.

These jobs are in the $65-75K per year range.

Any competent person that wants to work, can find a job.

7 posted on 04/05/2019 6:01:40 AM PDT by USS Alaska (Nuke all mooselimb terrorists, today.)
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To: Oldeconomybuyer
With positive numbers like this, even democrats can find work.

Not if they ain't lookin'!.......................

8 posted on 04/05/2019 6:03:11 AM PDT by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: wally_bert

Yep, you’re Wally_Bert alright!....................


9 posted on 04/05/2019 6:05:24 AM PDT by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: ScottinVA

Expectations! Sh*t in one hand and expect in the other and see which one fills up first! Expectations?


10 posted on 04/05/2019 6:05:37 AM PDT by Road Warrior ‘04 (Boycott The NFL! Molon Labe! Oathkeeper)
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To: ScottinVA

“Health care led with 49,000 new workers...” This is NOT good, unless you want to spend your entire income on medical care. We’re getting pretty close already.


11 posted on 04/05/2019 6:09:42 AM PDT by proxy_user
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To: ScottinVA

12 posted on 04/05/2019 6:13:17 AM PDT by Eleutheria5 (If you are not prepared to use force to defend civilization, then be prepared to accept barbarism.)
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To: Oldeconomybuyer
With positive numbers like this, even democrats can find work.

True, though they need to be dragged kicking and screaming.

13 posted on 04/05/2019 6:14:03 AM PDT by ScottinVA (The most urgent gathering threat to America: the Democrat Party)
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To: proxy_user
“Health care led with 49,000 new workers...”

Not particularly surprising, with an aging population.

14 posted on 04/05/2019 6:15:15 AM PDT by ScottinVA (The most urgent gathering threat to America: the Democrat Party)
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To: ScottinVA

“Unexpected”


15 posted on 04/05/2019 6:15:21 AM PDT by MuttTheHoople
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To: VTenigma

Hahahahahahaaa. whew, sniff.

Trump’s economy is a result of current and promised reversing and dismantling of Obama’s key initiatives. And most of all ridding our government, media, and some private/public corporations of corrupt officers. and he’s just getting started.


16 posted on 04/05/2019 6:21:15 AM PDT by epluribus_2 (he had the best mom - rever.)
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To: Oldeconomybuyer

“With positive numbers like this, even democrats can find work.”

That’s what pisses them off.


17 posted on 04/05/2019 6:21:57 AM PDT by PLMerite ("They say that we were Cold Warriors. Yes, and a bloody good show, too." - Robert Conquest)
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To: ScottinVA
...better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end.

********************

What they are really saying here is that the anomalous February numbers had leftist economists fervently hoping that the decade-old economic expansion was nearing an end.

18 posted on 04/05/2019 6:24:39 AM PDT by Starboard
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To: PLMerite

Yes, it puts pressure on them to get out of their pajamas and find a job. These great employment numbers take away their excuses for laying around in mommy’s basement.


19 posted on 04/05/2019 6:26:22 AM PDT by Starboard
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To: ScottinVA

“the decade-old economic expansion was nearing an end.”

Decade old? What is this guy smoking? Under Obama we were lucky to get 2% growth which is basically static. Unemployment was 3 times what it is now and we were being told to accept that this pathetic economic performance was “the new normal”.

In just 2 years in spite of the most ferocious opposition any President has seen since the Civil War the economy has turned around and is going gang busters.

I hate the media. I mean hate.

L


20 posted on 04/05/2019 6:29:54 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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