Friday, April 04, 2014

Envisioning Employment: Employment Situation March 2014

The latest Employment Situation Report indicated that in March, net non-farm payrolls increased by 192,000 jobs overall with the private non-farm payrolls sub-component adding 192,000 jobs while the civilian unemployment rate went flat at 6.7% over the same period.

It's important to note that with today's release (and revisions), the private non-farm payroll level has risen to the highest level seen in over six years and finally climbed higher then the level seen before the start of the Great Recession.

Net private sector jobs increased 0.17% since last month climbing 1.99% above the level seen a year ago and climbing 0.36% above the peak level of employment seen in December 2007 prior to the Great Recession.