The U.S. labor market added 103,000 jobs in March 2018, which is substantially slower than previous months and below expectations. U.S. economists projected job growth of 185,000 for the month. The job market is increasing at a slower rate compared to the previous two months. The national unemployment rate remained 4.1% for the sixth month in a row and the lowest rate since 2000. However, this is slightly above economist's prediction of 4.0% unemployment rate. The labor rate participation rate slightly decreased to 62.9%.

1. MARCH 2018
JOB REPORT - U.S. BUREAU
OF LABOR STATISTICS
Industries with the largest
hiring rates on LinkedIn:
103,000
Jobs created in March
The lowest unemployment
rate since 2000
4.1% Unemployment
rate
2.7% Average hourly
earnings rate
Average work week
hours34.5
https://www.bls.gov/news.release/empsit.nr0.htm
http://money.cnn.com/2018/04/06/news/economy/march-jobs-report/index.html
https://economicgraph.linkedin.com/resources/linkedin-workforce-report-february-2018
Automotive,
Aerospace &
Transportation
Sources:
How does that compare to the
national average?
19.3 %
Employment-
population ratio60.4%
Manufacturing
& Industrial
Healthcare &
Pharmaceutical
Financial
Services &
Insurance
Architecture
& Engineering
62.9% Labor force
participation rate
33,000
2,000
Professional & Business
Services
Oil & Gas Extraction
22,000Healthcare
22,000
9,000
Manufacturing
Mining
Retail Trade-4,000
-15,000 Construction
March Jobs (Net Change)
24.4% 19.4% 18.8%
15.9%17.6%
20.1% Increase in hiring rate
from February 2017
*Employment in other major industries, including wholesale
trade, transportation and warehousing, information, leisure
and hospitality, financial activities, and government,
showed little change over the month.