Economy adds 103K jobs: Dayton Business

The U.S. economy added 103,000 jobs in March, leaving the national jobless rate stable at 4.1 percent.

Manufacturing was one of the growing sectors, with employment there rising by 22,000, with all of the gain in the production of durable goods components, the U.S. Bureau of Labor Statistics said. Employment in fabricated metal products increased, too (9,000 jobs added).

Over the past year, manufacturing has added 232,000 jobs, with durable goods manufacturing accounting for about three-fourths of the jobs added, the government said.

Health care added 22,000 jobs, while professional and business services rose 33,000 jobs.

Retail trade employment lost 4,000 jobs in March, but that was after a 47,000-position increase in February.

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Construction also lost 15,000 positions in March, but again, that was after a big rise in February, more than 65,000 jobs.

In March, average hourly earnings for all employees on private non-farm payrolls rose by 8 cents to $26.82.

It’s the sixth straight month that the unemployment rate has been lodged at 4.1 percent, and the 90th consecutive month for job growth.

At 1.3 million, according to the BLS, the number of long-term unemployed (those jobless for 27 or more weeks) accounted for 20.3 percent of the unemployed.

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About the Author

Thomas Gnau

Thomas Gnau is a business reporter who joined the Dayton Daily News in 2007. He has reported for daily newspapers in Ohio since 1991.