Almost everything suggest things are getting better…NOT
1.The number of long-term unemployed (those jobless for 27 weeks and over) in-creased by 414,000 over the month to 6.5 million. In March, 44.1 percent of unemployed persons were jobless for 27 weeks or more.
2.The number of persons working part time for economic reasons (sometimes re-ferred to as involuntary part-time workers) increased to 9.1 million in March.These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.
3.About 2.3 million persons were marginally attached to the labor force in March,compared with 2.1 million a year earlier. (The data are not seasonally adjusted.)These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks pre-ceding the survey.
4.Among the marginally attached, there were 1.0 million discouraged workers in March, up by 309,000 from a year earlier. (The data are not seasonally adjusted.)Discouraged workers are persons not currently looking for work because they be-lieve no jobs are available for them. The remaining 1.3 million persons margin-ally attached to the labor force had not searched for work in the 4 weeks pre-ceding the survey for reasons such as school attendance or family responsibili-ties.
5.Temporary help services added 40,000 jobs in March. Since September 2009, tempor-ary help services employment has risen by 313,000.
6.In March, financial activities shed 21,000 jobs, with the largest losses occur-ring in insurance carriers and related activities (-9,000). Employment in the information industry decreased by 12,000.
7.In March, average hourly earnings of all employees on private nonfarm payrolls fell by 2 cents, or 0.1 percent, to $22.47, following a 4-cent gain in February.Over the past 12 months, average hourly earnings have risen by 1.8 percent. In March, average hourly earnings of private production and nonsupervisory employ-ees fell by 2 cents, or 0.1 percent, to $18.90.
8.The change in total nonfarm payroll employment for January was revised from-26,000 to +14,000, and the change for February was revised from -36,000 to -14,000.
- nk
