Last week, the Bureau of Labor Statistics (BLS) published the March monthly “employment report” which showed an increase in employment of 196,000 jobs. As Mike Shedlock noted on Friday:
“The change in total non-farm payroll employment for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. With these revisions, employment gains in January and February combined were 14,000 more than previously reported. After revisions, job gains have averaged 180,000 per month over the last 3 months.
BLS Jobs Statistics at a Glance
Nonfarm Payroll: +196,000 – Establishment Survey Employment: -201,000 – Household Survey Unemployment: -24,000 – Household Survey Involuntary Part-Time Work: +189,000 – Household Survey Voluntary Part-Time Work: +144,000 – Household Survey