431,000 Jobs Added in March to the U.S. Economy

A total of 431,000 non-farm payroll employment were added to the United States (U.S.) economy last month, according to data released today by the country’s Bureau of Labor Statistics (BLS). 

BLS also reported a decline in the unemployment rate to 3.6 percent in March. 

The notable job gains continued in leisure and hospitality, professional and business services, retail trade, and manufacturing. 

BLS’ statistics presented two monthly surveys on households and establishments. 

The leisure and hospitality sector continued to enjoy the increase with a gain of 112,000 in March. 

As for the food services and drinking places, job growth was recorded at 61,000 and accommodation at 25,000. 

Overall, BLS reported that job growth averaged 562,000 per month in the first quarter of 2022. 

The average monthly gain was similar in the year 2021. 

However, the employment rate is down by 1.6 million, or one percent, compared to its pre-pandemic level in February 2020. 

U.S. Secretary of Labor Marty Walsh, in a statement, said the Department of Labor remains focused on empowering all workers with access to good jobs and the skills and supports they need to fill them. 

“Through the Good Jobs Initiative and more, we are investing in apprenticeships and career pathways that not only expand opportunity and equity for marginalized workers but also strengthen key supply chain industries thereby lowering costs for families and small businesses,” Walsh added. 

Walsh emphasized that the labor department will not let up on its efforts to focus on public health and workers’ needs. 

“We need to make continued investments in the tools that workers, employers, and communities need to prevent the spread of COVID-19 and continue our historic recovery,” Walsh’s statement concluded. 

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