A Spendthrift Government Prints 303,000 March Jobs

Published on April 5, 2024

Commentary March jobs printed at 303,000 new jobs, according to the Establishment Survey released this morning by the Bureau of Labor Statistics (BLS). The number is an estimate of job creation data from a survey of businesses. The figure well exceeded the 212,000 consensus estimate. January and February jobs creation revisions were up by 22,000 jobs, net. The BLS’s Household Survey, which calculates the number of people taking jobs and is viewed as eliminating workers taking more than one job, showed 173,000 more people working in March than February. Some 469,000 people joined the U.S. workforce, according to the Establishment Survey, that The Wall Street Journal speculates are largely migrants newly arrived in the United States. However, U.S. Acting Labor Secretary Julie Su attributed the figures to “teenagers, both native born and immigrant” joining the workforce....

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