04/12/2018
Interesting Jobs report for March 2018.
While the booming growth hasn't continued at such a rapid pace, jobs are still steadily increasing, and the makeup of the labor force is changing, hitting some of the highest participation rates in 15+ years.
Some highlights:
"...this marks the 90th consecutive month of job gains. This is a record-breaking number for as long as we’ve been measuring unemployment data (since the ‘30’s) according to CNN Money, and is the third-longest expansion in US history (following the ‘60’s and ‘90’s.)"
"The labor force participation rate was around 63%– or 800,000 – in March, the most in the last 15 years."
"The unemployment rate for those with less than a high-school diploma has been falling sharply since mid-2016, according to The Wall Street Journal. Meanwhile hiring for those with a college degree has essentially plateaued. Companies are clearly rethinking their hiring requirements, and weighing whether education really factors into a worker’s ability to be trained to complete a job."
5 things to know about the current employment situation from the Bureau of Labor Statistics in a glance! See jobs added by industry and unemployment rates in your region.
