Here’s where the jobs are for March 2022 — in one chart
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Covid restrictions being eased led to a rebound in the leisure, business and hospitality sectors which helped drive March’s strong jobs report.
In the last month of the quarter, the U.S. added over 400,000 jobs. the Labor Department said Friday.
The third month in 2022 saw an increase in leisure and hospitality jobs, including restaurants, hotels, and amusement parks. Restaurants and bars saw 61,000 new jobs. Hotels and lodging businesses added 25,000, while amusement, gaming, and recreation increased by 16,400.
This industry was one of the most affected by the government shutdowns and Covid-19. However, it has seen 15 consecutive months of job growth of at least 100,000. For the first time since February 2020, however, leisure and hospitality employment has declined by 1.5 million (or 8.7%).
Also, the broad-ranging profession and business services sectors saw an impressive March. There was a net gain of 102,000 in positions. The month was particularly good for bookkeepers and accountants, who saw a 18,000 increase.
Management consultants and computer system designers, which both fall under the umbrella of business services, created 12,300 jobs and 15,100, respectively. The number of building service employees, which includes pest control workers and landscapers, has increased to 22,100.
White House economic adviser, a top economist, welcomed March’s report. He said the print reflected the “incredible endurance” of the labor force as it recovers after the pandemic.
Following the release of the report, Brian Deese (director of President Joe Biden’s National Economic Council) stated that “We are seeing approximately 560,000 jobs per month over the past quarter and that has been consistent over the year.”
“We’re seeing it in large breadth. “And, of course we’re now seeing the unemployment rates down to 3.6%,” added he. The United States’ unemployment rate has been lower than 3.6% for only three months over the past 50 years.
With a 49,000 increase in retail sales thanks to healthy job growth at supermarkets (+17.800) as well as warehouse clubs and supercenters ( (+21.400), the month was a good one for retailers. Nearly 3,000 gas station employees were employed, while 5,100 motor vehicle parts and auto dealers joined the payrolls.
All stores that sold furniture, electronics, and building materials saw low losses.
The sector of transportation and warehousing was closely monitored for possible supply chain relief. There were no changes in the industry, but 500 jobs lost. In the courier and messenger industry, 6,700 additional jobs were created while nearly 5,000 truck drivers lost their jobs.
A large portion of the increase in payrolls for the social and health services industry was due to unusual hiring. This includes child-care workers as well as community food and housing staff.
On top of the gain in February of 30,400, Social Assistance alone created 25,000 additional jobs last month. This subsector saw its best month-to-month growth since September 2020.
—Crystal Mercedes, CNBC contributed reporting.
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