April 1, 2022

BLS Employment Situation Report (March 2022)

 Nonfarm Payrolls month/month  431,000.   Previous was 750,000

- Unemployment Rate  3.6%. Previous was  3.8%

- Private Payrolls - month/month 426,000.  Previous was   739,000

- Manufacturing Payrolls month/month  38,000. Previous was   38,000

- Labor Participation Rate    62.4 %. Previous was  62.2%

- Average Hourly Earnings month/month    0.4%. Previous was  0.1%

- Average Hourly Earnings year/year    5.6%. Previous was  5.2%

- Average Workweek        34.6 hours. Previous was  34.7 hours  

Revisions to December and January added 95,000 jobs.

Source:  BLS  Details:  https://www.bls.gov/news.release/empsit.nr0.htm

 

PMI Manufacturing Final (March 2022)

- Index 57.3. Previous was 57.8

A survey index from the supply side.

Source:  Markit Economics

 

Construction Spending  (February 2022)

- Month over Month    +0.5%. Previous was +1.3%

- Year over Year 11.2%.

Source:  Census  Details: https://www.census.gov/construction/c30/pdf/release.pdf

 

ISM Manufacturing Index  (March 2022)

- Index 57.1. Previous was 58.6

Source:  Institute for Supply Management