Job market surges with payroll gain of 196,000


Health care, professional and technical services both saw notable job gains, adding 49,000 and 34,000 jobs respectively in March, the bureau said.

In March, the number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.3 million and accounted for 21.1% of the unemployed.

The March unemployment rate was 3.8 percent, the same as in February.

The Canadian dollar hit a one-week low at 1.3403 after the jobs data was released but has since pared some of its decline.

Even as tightness persisted in the labor market, the U.S. Federal Reserve (Fed) left its interest rates unchanged after concluding a two-day policy meeting on March 20. "Labor markets still look pretty tight". Growth in the sector has accelerated sharply in recent months, averaging 42,500 since November, compared with an average of just 27,100 in the year from November 2017 to November 2018.

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This was the lowest unemployment rate in MA in 15 years. Despite strong denials from Moscow, U.S. and European Union intelligence have accused Russian Federation of election interference in recent years. In the 12 months prior to February, manufacturing had added an average of 22,000 jobs per month.

Full-time jobs dropped by 6,400 from February to March, while 900 part-time jobs were shed, the data showed. The temporary help sector lost 5,400 jobs. Government economists say that sector has been among the most stable over the last few months. The strong job growth shows that the weak February figure was an anomaly. The household survey measures labor force status, including unemployment, by demographic characteristics.

Despite the drop in March, employment rose by 116,000 jobs in the first quarter. However, none of these suggest that the recovery is likely to end any time soon.

The decline of 1,100 jobs reported by Statistics Canada on Friday was well short of economists' forecasts for an increase of 17,400.