Spring is finally here. The U.S. economy added 192,000 jobs in March, leaving the unemployment rate unchanged at 6.7 percent, according to new data released Friday morning from the Bureau of Labor Statistics. This comes on the heels of last month’s expectations-beating report, which showed a growth of 175,000 jobs in February.
The new report revises February’s growth to 197,000 and January’s to 144,000 jobs added, up from an original 129,000.
Friday’s report came in slightly below Wall Street’s optimistic expectations of about 200,000 added jobs in March. The U.S. economy has added 183,000 jobs per month on average over the last year, but the brutal winter across the country cooled things down a bit. Accounting for the latest revisions, from December through February, the average job growth per month was just 139,000, below the 225,000 average growth during the preceding three months. That drop-off can be partially attributed to interruption in construction, and heavy snow temporarily shutting down factories.
Signs of the positive weather change can be seen in the growth of the average workweek in the latest report. In March, the average workweek increased by 0.2 hours to 34.5 hours, including a 0.3 hour increase for the manufacturing workweek. In construction, the average workweek increased by one hour from February to March, returning to the 39.1-hour week from March 2013.
So if baseball season starting up this past week didn’t prove it to you, this new jobs report hopefully should: Winter is over. With the combination of February’s revised number and March’s near-200,000 growth, things are looking just a little rosier. The economic recovery has a way to go, but we may finally be turning a corner after a sluggish few months.
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With three days until the first debate, the polls are coming fast and furious. The latest round:
- An Associated Press/Gfk poll of registered voters found very few voters committed, with Clinton leading Trump, 37% to 29%, and Gary Johnson at 7%.
- A McClatchy-Marist poll gave Clinton a six-point edge, 45% to 39%, in a four-way ballot test. Johnson pulls 10% support, with Jill Stein at 4%.
- Rasmussen, which has drawn criticism for continually showing Donald Trump doing much better than he does in other polls, is at it again. A new survey gives Trump a five-point lead, 44%-39%.
In contrast to Hillary Clinton's meticulous debate practice sessions, Donald Trump "is largely shunning traditional debate preparations, but has been watching video of…Clinton’s best and worst debate moments, looking for her vulnerabilities.” Trump “has paid only cursory attention to briefing materials. He has refused to use lecterns in mock debate sessions despite the urging of his advisers. He prefers spitballing ideas with his team rather than honing them into crisp, two-minute answers.”
Donald Trump "is on the precipice of becoming the only major-party presidential candidate this century not to reach out to millions of American voters whose dominant, first or just preferred language is Spanish. Trump has not only failed to buy any Spanish-language television or radio ads, he so far has avoided even offering a translation of his website into Spanish, breaking with two decades of bipartisan tradition."
Bill and Hillary Clinton have purchased the home next door to their primary residence in tony Chappaqua, New York, for $1.16 million. "By purchasing the new home, the Clinton's now own the entire cul-de-sac at the end of the road in the leafy New York suburb. The purchase makes it easier for the United States Secret Service to protect the former president and possible future commander in chief."