(CNSNews.com) – In the 15 months since Donald Trump took office, the number of employed Americans has broken eight records, but not in March.
The Labor Department’s Bureau of Labor Statistics reported on Friday that 155,178,000 Americans were employed in March, just 37,000 fewer than February’s record 155,215,000.
However, the number of women, age 16 and over, employed in March reached an all-time high of 72,548,000, which is 18,000 more than February's record. The number of employed men, ages 16 and over, dropped 55,000 from February's record high.
The nation’s unemployment remained at 4.1 percent in March for a sixth consecutive month, and that is an 18-year low.
The unemployment rate shot up to an Obama-era high of 10.0 percent in October 2009 during the recession, and after that, it steadily declined during Obama’s term. When President Trump took office, the unemployment rate was 4.8 percent, and for the last six months, it has been stuck at a low 4.1 percent.
In March, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 257,097,000. Of those, 161,763,000 participated in the labor force by either holding a job or actively seeking one.
The 161,763,000 who participated in the labor force equaled 62.9 percent of the 257,097,000 civilian noninstitutionalized population.
The labor force participation rate has been stuck at or near the 62.7-63.0 percent level for the past four years.
In March, the number of Americans who were not in the labor force remained above 95 million (95,012,000) for a fifth straight month. This number has been increasing over time because of a growing number of baby boom retirees, among other factors.
Total nonfarm payroll employment edged up by 103,000 in March, following a large gain in February (+326,000). After revisions, job gains have averaged 202,000 over the last 3 months.
Among the major worker groups, the unemployment rates for adult men (3.7 percent), adult women (3.7 percent), teenagers (13.5 percent), Whites (3.6 percent), Blacks (6.9 percent), Asians (3.1 percent), and Hispanics (5.1 percent) showed little or no change in March.
In March, average hourly earnings for all employees on private nonfarm payrolls rose by 8 cents to $26.82. Over the year, average hourly earnings have increased by 71 cents, or 2.7 percent.