March employment

A rather lackluster employment report this morning. The unemployment rate stayed at 6.7% and payrolls grew by 192,000. This was somewhat below economists’ expectations of 200,000 new jobs. The number of involuntary underemployed (part time for economic reasons) increased slightly in March. Both the number of workers part time because of slack work and the number of those who could only find part time work rose. Involuntary underemployment remains well above pre-Great Recession levels.
Involuntary underemployed March 2014.png

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