WASHINGTON, D.C. – The national unemployment rate dipped slightly to 8.2 percent in March, according to data released today by the U.S. Bureau of Labor Statistics.
Yet even as the bureau trumpeted the addition 120,000 jobs in March, it also reported a seasonally-adjusted increase of 333,000 people who are not in the labor force.
In addition to the 12.7 million Americans counted as unemployed in the federal statistics, 7.7 million more workers are employed part time for economic reasons and 2.4 million were considered marginally attached to the labor force because they had searched for a job in the past year, but not in the four weeks preceding the survey.
The unemployment rates for teenagers (25.0 percent), blacks (14.0 percent), and Hispanics (10.3 percent) are still higher than the national unemployment rate.
According to the report, 5.3 million unemployed workers have been without a job for 27 weeks or more, accounting for 42.5 percent of the total unemployed.
Total nonfarm payroll employment rose by 120,000 in March. In the prior three months, payroll employment had risen by an average of 246,000 per month. Private-sector employment grew by 121,000 in March, including gains in manufacturing, food services and drinking places, and health care. Retail trade lost jobs over the month. Government employment was essentially unchanged.
Connect with NJTODAY.NET
Join NJTODAY.NET's free Email List to receive occasional updates delivered right to your email address!