{"id":5554,"date":"2022-10-06T16:18:43","date_gmt":"2022-10-06T20:18:43","guid":{"rendered":"https:\/\/www.talentrise.com\/?page_id=5554"},"modified":"2025-04-11T15:32:09","modified_gmt":"2025-04-11T19:32:09","slug":"monthly-job-market-summary","status":"publish","type":"page","link":"https:\/\/www.talentrise.com\/resources\/monthly-job-market-summary\/","title":{"rendered":"Monthly Job Market Summary"},"content":{"rendered":"\n

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Monthly Job Market Summary<\/h1>\n
TalentRise\u2019s monthly overview of the employment landscape, staffing updates, and industry trends in both the US and Canada<\/p>\n <\/div>\n\n \n \n <\/div>\n \n
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Stay up-to-date<\/h2>\n <\/div>\n
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The employment landscape is constantly changing. Keep up on the most recent trends with our Monthly Job Market Summary. All data is provided by the Bureau of Labor Statistics and the America Staffing Association.<\/p>\n <\/div>\n
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March 2025<\/h2>\n\n <\/div>\n\n
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Unemployment changed little\u200b – 4.2%<\/h3>\n
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The unemployment rate, at 4.2 percent changed little in March. The unemployment rate has remained in a narrow range of 4.0 percent \u200b to 4.2 percent since May 2024.\u200b<\/p>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n
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Long-term unemployed changed little<\/h3>\n
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The number of long-term unemployed (those jobless for 27 weeks or more), at 1.5 million,\u200b changed little in march.<\/p>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n
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Labor force participation changed little<\/h3>\n
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The labor force participation rate, at 62.5 \u200bpercent, changed little over the month and over the year.<\/p>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n
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Average hourly earnings rose by $0.09<\/h3>\n
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In March, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents, or 0.3 percent, to $36.00.<\/p>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n
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Number of people working part time for economic reasons changed little<\/h3>\n
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The number of people employed part time for economic reasons, at 4.8 million, changed little in March.<\/p>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n
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People not in the labor force who currently want a job changed little<\/h3>\n
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The number of people not in the labor force who currently want a job was essentially unchanged at 5.9 million in March.<\/p>\n<\/div>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n
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Temp penetration rate remained at 1.59%<\/h3>\n
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Temporary help employment was 1.59% of total nonfarm employment in March.<\/p>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n
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Temp help jobs decreased\u200b<\/h3>\n
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Temporary help jobs in March decreased by 6,400 jobs, holding at 2.53 million.<\/p>\n<\/div>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n
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Nonfarm payroll \u200bemployment rose\u200b<\/h3>\n
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Total nonfarm payroll employment rose by 228,000 in March<\/p>\n
Notable job gains occurred in \u200b<\/p>\n
Health Care (+54K)\u200b
\nSocial Assistance (+24K)\u200b
\nTransportation and warehousing(+23k)<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n<\/section>\n\n\n
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