March jobs report shows divergence between households and companies

US adds just 98K jobs; unemployment falls to a low 4.5 pct.

Meanwhile, the number of new jobs created in February to was revised down to 219,000 from 235,000 and January's gain was reduced to 216,000 from 238,000.

Analysts had expected somewhat of a retreat in job growth after unseasonably mild winter temperatures pulled forward hiring to early in the year, especially in industries such as construction.

The U.S. economy added 98,000 jobs in March and the unemployment rate declined to 4.5%, according to figures released this morning by the U.S. Bureau of Labor Statistics.

As a result, an alternative gauge of unemployment, which includes both those groups, dropped to 8.9 percent, the lowest level in more than nine years.

Calgary's unemployment rate remains the highest of all major Canadian cities.

In March, average hourly earnings of private-sector production and nonsupervisory employees increased by 4 cents to $21.90.

Jared Kushner omits some foreign contacts on security form
Both he and Priebus also played key roles in the failed effort to push through a House bill to repeal Obamacare last month. If you would like to discuss another topic, look for a relevant article . "He has to get that house in order".

The National Women's Law Center found that only 1 out of every 11 new jobs created in March were given to a woman, Elle reports. "In all other employment measures, this is a strong jobs report as evidence from a growing labor force, big declines in involuntary part-time work, a robust composition of industrial growth and shorter duration of unemployment".

Job growth for education and health services also decelerated fairly dramatically.

"Although the details for March were a little bit soft, I think the labor market is in fine shape and will continue to improve throughout 2017", said Gus Faucher, the chief economist at PNC. Construction added 6,000 jobs, down from 59,000 jobs added the previous month. And initial jobless claims, a barometer of layoffs, rose steadily through the month. The last three months have added an average of 178,000 jobs per month.

"Just like we saw in 2007, more owners are increasing compensation to attract and retain good employees", Dunkelberg said.

Leisure and hospitality payrolls increased 9,000, a third of February's job gains, as employment at amusement parks fell 6,900. Along with that, a snowstorm that slammed into the Midwest and East Coast in mid-March likely curtailed job growth even more, said Jim O'Sullivan, an economist with High Frequency Economics. This time past year the jobless rate was 3.7 per cent. Poloz is widely expected to keep the rate at 0.5 per cent on Wednesday. Larger retailers like J.C. Penney Co Inc and Macy's Inc announced massive layoffs as they shift toward online sales and scale back on brick-and-mortar operations.

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