Non Farm Payrolls Catapult To 196,000 Jobs For March (2019)

 United States Non-farm payrolls catapult to 196,000 jobs in the month of March 2019; which exceeded expectations by 21,000  jobs.   U.S. Economist projected  Jobs would advance by 175,000 job for the month of February 2019.   This is  a positive step in the right direction considering that Month of Feburary 2019, there was only an increase of 33,000 new Jobs added to the U.S. Labor Market.    

• The unemployment rate held steady at  3.8% for  month of March 2019, while the private nonfarm payrolls average hourly earning rose by $0.04 to $27.70, which increased over year  by $0.82 or 3.2% .

•  Bureau of Labor Statistics reports that employment rose in various sectors of Health Care,  professional and technical services.  ADP National employment report: Private sector  increased 184,000 Jobs for the month of February 2019,  NFP numbers also came in the strong compared to the previous six months of consistence NFP job growth.   Payroll employment rose to 2.6 million in 2018, compared to a gain of 2.2 million in 2017. 
  

•  Small Business report increased to  12,000  jobs new jobs added to the U.S. Jobs market for the month of Feb) 2019.

• It is important to note that Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry.  Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.

• Revisions: employment for January was revised up from +311,000 to +11,200, and the change for February was revised up from +20,000 to +33,000.  With these revisions, employment gain in January and February combined were 14,000 more than previously reported.