(CNSNews.com) – The number of employed Americans increased 472,000 to 153,000,000 in March, setting a second straight monthly record; and the number of unemployed persons dropped by 326,000 to 7.2 million.
That brought the nation’s unemployment rate down two-tenths of a point to 4.5 percent.
The Labor Department’s Bureau of Labor Statistics said the labor force participation rate remained flat at 63 percent in March; and the number of Americans not in the labor force increased slightly to 94,213,000, up 23,000 from February’s 94,190,000.
The Bureau of Labor Statistics says the economy added 98,000 jobs last month, which was well below the gains of 219,000 in February and 216,000 in January. Employment increased in professional and business services – and in mining – but retailers lost jobs.
The 94,213,000 million people counted as not participating in the labor force last month includes millions of baby boomer retirees, students, the disabled, homemakers and others who do not work for various reasons.
But — as we have noted and will continue to note – this number is important because many of those not in the labor force receive Social Security, Medicare, Medicaid, health insurance subsidies or other benefits/entitlements that depend on the taxes paid by those who do work.
In March, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 254,414,000. Of those, 160,201,000 participated in the labor force by either holding a job or actively seeking one.
The 160,201,000 who participated in the labor force equaled 63 percent of the 254,414,000 civilian noninstitutionalized population.
Among the major worker groups, the unemployment rates for adult women (4.0 percent), whites (3.9 percent) and Hispanics (5.1 percent) declined in March.
The jobless rate for adult men (4.3 percent), blacks (8.0 percent) and Asians (3.3 percent) showed little or no change.
DNC says we should thank Obama, not Trump
The Democrat Party is giving Donald Trump no credit for the good news in Friday’s jobs report.
An hour before the Bureau of Labor Statistics released the March jobs numbers, the Democrat National Committee issued a news release saying, “Today, the U.S. economy is expected to continue the longest streak of private sector job growth on record, one of President Barack Obama’s most important accomplishments.
“We know Trump will try to take credit for President Obama’s hard work rescuing us from the Great Recession. But – to borrow a phrase from labor leader Chuck Jones – Trump is still “lyin’ his a** off” about his own jobs record.”
The DNC is offended that Trump, a successful job-creator himself, has taken credit for tens of thousands of jobs saved or created on his watch. READ MORE