March Jobs Report: Tech Unemployment Rate Decreases

by Katie Brock on April 6, 2018

national jobs reportThe unemployment rate remained steady in March, staying at 4.1 percent for the sixth consecutive month. During the month of March, 103,000 were created.

Unemployment Rate Remains The Same

For the sixth consecutive month, the employment rate remains unchanged at 4.1 percent. The rate has remained 0.4 percent over the past year, keeping the number of unemployed by 586,000. The average number of jobs created averaged 201,667 per month over the past three months.

Wages Climb in March

Over the past year, average hourly earnings have risen 71 cents (2.7 percent). Average hourly earnings for all employees on private nonfarm payrolls reaches $26.82 after an 8 cent increase in March.

Steady Gain of Tech Jobs

The professional and business services sector added 33,000 jobs in March, with 18,900 of those jobs attributed to professional and technical services.

The specific areas seeing the most growth in the professional and technical services sector include:

  • Account and bookkeeping services (+9,600 jobs in March 2018)
  • Computer systems design and related services (+5,000 in March 2018)
  • Advertising and related services (+4,300 jobs in March 2018)

The unemployment rate for professional and technical services dropped in March to 2.1 percent.

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