After a disappointing February, the employment picture bounced back strong in March, according to figures out this morning from the Bureau of Labor Statistics. The economy added 196,000 jobs last month, after adding just 33,000 jobs in February. The headline unemployment figure was unchanged at 3.8 percent.
Even after February's down figure, the average monthly jobs gain in 2019 stands at 180,000. That's very solid, and not too far off the pace of 2018's numbers, when the economy averaged 233,000 new jobs per month for the entire year.
For March, the health care sector led the way with 49,000 new jobs. Professional and technical services added 34,000, food and drinking establishments added 27,000, and construction added 16,000. The one disappointment: Manufacturing, which lost 6,000 jobs.
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