U.S Unemployment Rate Remains Unchanged at 3.8 Percent

Canada's economy gained jobs for several months in a row up until March

The services sectors of business, building and support, health care and accommodation and food services saw the largest monthly declines, the report said.

The unemployment rate held steady at 3.8 percent in March, with the number of unemployed Americans essentially unchanged from February at 6.2 million.

By comparison, the year-over-year gain in February was 3.4 percent. The tidings proved a surprise as analysts had been looking for a marginal gain of 1,000 jobs in March, following outsized gains in the previous two months, and no change in the jobless rate.

Nationally the unemployment rate remained untouched at 5.8 per cent.

By demographic group, there was a drop in the employment-to-population ratio (EPOP) for black workers by 0.3 percentage points to 57.9 percent, the lowest since last April. This increase was also seen in the number of people who are self-employed, which rose in March by 6000. The six consecutive months of rising employment, that began in September, added around 300,000 jobs.

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It was 5.5 per cent, up from 5.2 per cent the month before. At the end of the day though, that adds up to a net loss of 7200 jobs. Non-farm payrolls increased by four cents to $27.70, following a 10-cent gain in February.

Employment rose by 13,000 jobs in the finance, insurance, real estate, rental and leasing industry; most of the increase in March was in British Columbia, Ontario and Alberta.

Construction showed little change in March (up 16,000) but has increased by 246,000 over the past 12 months.

According to the Labor Department, average hourly earnings in March were 3.2 percent higher than they were a year earlier. The currency, which was also down 0.3% for the week, touched its weakest since March 29 at 1.3403. With these revisions, employment gains in January and February combined were 14,000 more than previously reported.

Job creation was a particularly strong suit for the economy a year ago.

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