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Total Jobs
Added

-701,000
  • Month Over Month: -0.5%
  • 3 Month Average: -70,667
  • Year Over Year: +1.0%

Unemployment Rate

4.4%
  • Month Over Month: +0.9%
  • 3 Month Average: 3.83%
  • Year Over Year: +0.6%

-701,000 jobs lost in March

National Unemployment Rate

This is the first monthly job loss in almost a decade, reflecting the virtual economic standstill wrought by the coronavirus outbreak. Nearly 10 million people have applied for unemployement in last two weeks, unemployment rate to top 10% in the second quarter, rising above levels from the peak of the global financial crisis.

The business activity subindex dropped by 9.8 points to 48, the first contraction since July 2009. The unemployment rate for March rose to 4.4% from 3.5% in February. It was the largest one-month increase in the rate since January 1975.

U.S. Sector Job Growth from the B.L.S.

Financial activities -1,000
  • Month over month: 0.0%
  • 3 Month Average: +8,843
  • Year over year: +1.7%
Professional & business services -52,000
  • Month over month: -0.2%
  • 3 Month Average: +21,530
  • Year over year: +1.6%

U.S. Industry Job Growth from the B.L.S.

Finance & insurance +2,500
  • Month over month: 0.0%
  • 3 Month Average: +6,489
  • Year over year: +1.5%
Real estate & rental & leasing -3,400
  • Month over month: -0.1%
  • 3 Month Average: +2,354
  • Year over year: +2.3%
Accounting & bookkeeping services +4,100
  • Month over month: +0.4%
  • 3 Month Average: +1,038
  • Year over year: +2.6%
Temporary help services -49,500
  • Month over month: -1.7%
  • 3 Month Average: +2,927
  • Year over year: -2.0%

U.S. Month-Over Month Job Growth by Sector*

*The following chart displays the latest local job growth by sector compared to the previous month. Note that if a sector experienced losses or flat growth, it will not be displayed as part of the graphic.

BLS.gov cannot vouch for the data or analyses derived from these data after the data have been retrieved from BLS.gov. The BLS defines a sector as a subset of the domestic economy and excludes the economic activities of the following: general government, private households, and nonprofit organizations serving individuals. A sector consists of multiple industries. The BLS defines an industry as a group of establishments that produce similar products or provide similar services. Multiple industries makeup sectors.

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