The unemployment rate comes in at 3.6 That is unchanged from last month we had Anticipated it would fall to three and a Half percent average hourly earnings a Little bit less than economists had Forecast three tenths of a percent rise Which puts us at 5.5 percent for the Annual rate and that is down a tick from The prior month uh the one number that Hasn't come across yet is the total Number of people who uh have been hired This month and let's see if we can get That there we go 428 000 Is the number so better than forecast The forecast was 380. uh 428 Is also the prior month so no change in The total number and this makes the 12th Straight month in which we have seen job Gains of over 400 000 the change in pi Private payrolls is 406 000 Manufacturing 55. so very strong numbers For manufacturing and that is as Companies start to reopen and uh start To get people back into the labor forces They try to ramp up production uh the Revisions subtract it looks like uh 39 000. so uh i don't have the exact Breakdown yet but it does look like uh We lose 39 000 jobs from the uh prior Month and so at this point yeah uh the Change from march down by 3 thousand and Uh the change uh to february down by Thirty six thousand so uh labor force Still in very good shape at this point
And we're still seeing a lot of jobs Created the uh average work week uh Unchanged at 34.6 Hours and uh just looking quickly at Some of the Numbers in terms of the payroll Employment leisure and hospitality of 78 000 Especially i don't know if there's a Category for indian food tom but um Eating and drinking places up by 44 000 Non-durable goods 24 000 Transportation and warehousing 52 000. That's been an interesting one to follow Because of the changes in the way we buy Things so and all in all it looks like At this point on first glance a pretty Good report and it sort of supports the Case jay powell was making this week That the fed has some room to try to Raise interest rates without sending us Right into recession
