Payrolls Rise in 38 States, Led by Texas; Unemployment Rate Declines in 34

[Purveyor]

Source: Bloomberg

By Shobhana Chandra

April 19 (Bloomberg) -- Payrolls rose in 38 U.S. states in March, indicating improvement in the labor market is broadening.

Texas, with a 37,200 increase, and Missouri, at 24,300, showed the biggest gains in employment from February, figures from the Labor Department showed today in Washington. The jobless rate fell in 34 states, with the largest decline in New Mexico, where it fell by 0.6 percentage point to 8.1 percent.

The report is consistent with government figures released April 1 that showed the nation added 216,000 workers in March, the most since May 2010, and unemployment dropped to a two-year low of 8.8 percent. Improvement in hiring across a wider swath is helping sustain consumer spending, the biggest part of the economy.

“We’re seeing pretty uniform improvement now,” Michael Englund, chief economist at Action Economics in Boulder, Colorado, said before the report. “Geographically, unemployment is declining in most places.”

Read more: http://noir.bloomberg.com/apps/news?pid=20601087&sid=a2Yim9.Ju09g&pos=2

[Pirate Smile]

1. Great.

[wysingm]

2. 80 percent of these jobs are for part-time work

Of the 700,000 jobs added to the economy between January and March of this year, Andrew Sum, an economist at Northeastern University, reports that at least 80 percent of these jobs are for part-time work. And of these part-time workers, Sum says that college graduates under 30 have weathered a disproportionate share of the burden.

"The younger you are, the worse you’ve been hit ...

http://www.huffingtonpost.com/2011/04/15/jobs-graduates-work-full-time_n_849874.html

[pinqy]

5. It's unclear to me where he's getting his numbers

First, there haven't been 700,000 jobs added between January and March, only 410,000 http://www.bls.gov/news.release/empsit.t17.htm">non-farm payroll jobs and second, from the household survey (total employment, not jobs), full time employment has gone up 419,000 and part-time up 186,000 http://www.bls.gov/news.release/empsit.t09.htm">Selected Employment Indicators

[daa]

3. Here in Georgia the republican labor commish is

all pleased, even though 60% were hotels and restaurants.

[Javaman]

4. I guess my Texas boss didn't get the memo.

no raise here.