Weak BLS Employment Situation Report

BLS Employment Situation Report (March 2015)

– Nominal job growth last month was 59,000. This accounts for the changes for the 2 previous months.
– the Unemployment Rate was steady at 5.5%. It was 6.6% a year ago.(B)
– Average hourly earnings was $24.86 up from $24.79 the previous month. (E)
– Average work week was 34.5 hours down from the previous month’s 34.6 hours. (E)
– Private jobs were +129,000. Government jobs were -3,000. (E)