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Employment and wages sprung forward in March’s jobs report

Jobs grew by 103,000, wages increased by 8 cents, while the unemployment rate remained at 4.1% in March, according to the Labor Department. See which industries saw the most job growth last month.

Employment and wages sprung forward in March’s jobs report

March 2018 BLS Employment Situation

Spring is a time for new beginnings—and apparently for new jobs, too.

Following a major hiring spree in February, the labor market added 103,000 jobs in March, according to the most recent U.S. Bureau of Labor Statistics’ monthly jobs report. That’s a solid number, despite falling below economists’ estimates that hovered around 185,000. Still, job growth in the first quarter of 2018 was stronger than last year, with about 72,000 more jobs created in 2018, showing that more and more people are finding jobs.

In addition to employment, wages sprung forward in March, too. Average hourly wages continued to move up, increasing by 8 cents for a total of $26.82. Over the year, earnings have increased by 71 cents, or 2.7%.

For the sixth consecutive month, the unemployment rate remained at 4.1%.

Gains were made across a number of sectors last month. See which industries experienced the most job growth in March:

Business and professional services

Number of jobs created: 33,000

Companies hiring: Northrop Grumman, Cognizant, Ernst & Young

Find all professional services jobs on Monster.

Health care

Number of jobs created: 22,000

Job growth areas: Ambulatory care services, hospitals

Companies hiring: Brookdale Senior Living, RehabCare, Kindred Healthcare

Find all health care jobs on Monster.

Manufacturing

Number of jobs created: 22,000

Job growth areas: Durable goods, fabricated metals

Companies hiring: Oldcastle, Zimmer Biomet, Ford Motor Company

Find all manufacturing jobs on Monster.

Mining

Number of jobs created: 9,000

Job growth areas: Support activities, oil and gas extraction

Companies hiring: Corsa Coal Corp., Trinity Industries, S&L Industries

Find all mining jobs on Monster.

Two sectors, however, both saw slight declines in employment: construction (-15,000) and retail (-4,000), after experiencing strong job growth in February.

On Monster, however, you can still find companies hiring. In retail, a few of the top companies hiring include  Jos. A. Bank, Best Buy, and The Men’s Wearhouse. In construction, check out jobs at Wood Environment & Infrastructure Solutions, Alston Construction Company, and Nations Roof.

A couple of revisions were made to the labor department’s previous reports. January’s original job numbers changed from 239,000 to 176,000, while February’s numbers were revised up from 313,000 to 326,000. After these revisions, job gains have averaged 202,000 over the last three months.

April’s jobs report comes out Friday, May 4 at 8:30 a.m. EST. In the meantime, you can join Monster for free today and get everything from job alerts to personalized career advice sent right to your inbox.


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