U.S. Bureau Of Labor Statistics Updates

Employment situation summary for March 2017

unemployment stats

According to the U.S. Bureau of Labor Statistics employment situation summary released April 7th, 2017, unemployment declined to 4.5 in March and the number of unemployed declined by 326,000 to 7.2 million.  Employment grew in professional and business services and in mining, while retail trade lost jobs.

In March, the marginally attached to the workforce—unemployed, available for work, and have looked for a job in the last 12 months—was 1.1 million. This is number is down by 125,000 from the same time last year. (These individuals are not counted in the unemployed because they had not looked for a job in the last four weeks.)

The number of long-term unemployed (those who have been jobless for 27 weeks or more) was essentially unchanged at 1.7 million in March. These individuals accounted for 23.3 percent of the unemployed.

Visit the U.S. Bureau of Labor Statistics for the complete summary.

 

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