The March Jobs Report for 2019 is in and it’s looking good for the U.S.

Here are a few things to know about the March Jobs Report for 2019.

• There were a total of 196,000 jobs that were added during March.
• This is great news as it comes in above the estimate of 170,000 jobs being added during the month.
• It also helps make up for a weak month in February, which only saw 33,000 jobs added.
• The February numbers were revised up to 33,000, but were initially sitting at 20,000.
• The same is true for January, but it was only increased by 1,000 to 312,000 jobs.
• While hiring is slowing compared to last year, this doesn’t appear to be cause for concern.
• Some economists believe that last year’s numbers were unsustainable, which means a drop was expected.
• Other good news from the March Jobs Report includes an unemployment wage of 3.8%.
• This matches the unemployment rate in February and is what economists were expecting for the month.
• It’s also worth pointing out that average hourly earnings for the month were up 3.2% from last year.
• February’s average hourly earnings were up 3.4%, which is also what economists were expecting for March.
• The real unemployment rate for the month, which counts unsatisfied workers and those holding part-time jobs, was sitting at 7.3%.
• In comparison, the real unemployment wage from the March Jobs Report for 2018 was 7.9%.

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As of this writing, William White did not hold a position in any of the aforementioned securities.