Here are a couple of interesting items in today's Employment Report:
1. From the household survey, there was an increase of 291,000 jobs in March, because of an increase in female employment of 305,000 jobs last month, which was offset slightly by a decrease of 14,000 household jobs for men.
2. The March jobless rate for men remained the same as February at 9.3%, while the unemployment rate for women fell from 8.5% to 8.3%.
Therefore, all of the employment gains in March were female jobs, and all of the overall reduction in the March jobless rate from 8.9% to 8.8% was because of job gains for women. Looking through the report, I didn't find any obvious sources of the job gains for women, e.g. there was a gain of 45,000 jobs for the education and health care sector, where about 70% of the jobs are held by women. But that doesn't come close to explaining 305,000 job increase for women, so I'm somewhat puzzled.....
Market News and Data brought to you by Benzinga APIs1. From the household survey, there was an increase of 291,000 jobs in March, because of an increase in female employment of 305,000 jobs last month, which was offset slightly by a decrease of 14,000 household jobs for men.
2. The March jobless rate for men remained the same as February at 9.3%, while the unemployment rate for women fell from 8.5% to 8.3%.
Therefore, all of the employment gains in March were female jobs, and all of the overall reduction in the March jobless rate from 8.9% to 8.8% was because of job gains for women. Looking through the report, I didn't find any obvious sources of the job gains for women, e.g. there was a gain of 45,000 jobs for the education and health care sector, where about 70% of the jobs are held by women. But that doesn't come close to explaining 305,000 job increase for women, so I'm somewhat puzzled.....
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