Wednesday, November 11, 2026Mortgage news · Rates & market context

Jobs · ORIGINAL ECONOMIC RELEASE

March 2010 Employment Situation

Nonfarm payroll employment increased by 162,000 in March, and the unemployment rate held at 9.7 percent, the U.S. Bureau of Labor Statistics reported today. Temporary help services and health care continued to add jobs over the month.…

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Historical release narrative reproduced from the official public-domain source. Statistical tables, standard technical appendices, administrative material and attendance rosters are omitted; formatting is adapted for reading. Figures retain the release's historical context and may have been revised. Consult the linked source for the complete document.

Nonfarm payroll employment increased by 162,000 in March, and the unemployment rate held at 9.7 percent, the U.S. Bureau of Labor Statistics reported today. Temporary help services and health care continued to add jobs over the month. Employment in federal government also rose, reflecting the hiring of temporary workers for Census 2010. Employment continued to decline in financial activi- ties and in information.

Household Survey Data

In March, the number of unemployed persons was little changed at 15.0 million, and the unemployment rate remained at 9.7 percent. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (10.0 per- cent), adult women (8.0 percent), teenagers (26.1 percent), whites (8.8 per- cent), blacks (16.5 percent), and Hispanics (12.6 percent) showed little or no change in March. The jobless rate for Asians was 7.5 percent, not seasonally adjusted. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks and over) in- creased by 414,000 over the month to 6.5 million. In March, 44.1 percent of unemployed persons were jobless for 27 weeks or more. (See table A-12.)

The civilian labor force participation rate (64.9 percent) and the employment- population ratio (58.6 percent) continued to edge up in March. (See table A-1.)

The number of persons working part time for economic reasons (sometimes re- ferred to as involuntary part-time workers) increased to 9.1 million in March. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)

About 2.3 million persons were marginally attached to the labor force in March, compared with 2.1 million a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks pre- ceding the survey. (See table A-16.)

Among the marginally attached, there were 1.0 million discouraged workers in March, up by 309,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they be- lieve no jobs are available for them. The remaining 1.3 million persons margin- ally attached to the labor force had not searched for work in the 4 weeks pre- ceding the survey for reasons such as school attendance or family responsibili- ties. (See table A-16.)

Establishment Survey Data

In March, nonfarm payroll employment rose by 162,000. Job growth continued in tem- porary help services and in health care. Federal government employment increased due to the hiring of temporary workers for Census 2010. Job losses continued in financial activities and in information. (See table B-1.)

Temporary help services added 40,000 jobs in March. Since September 2009, tempor- ary help services employment has risen by 313,000.

Employment in health care continued to increase in March (27,000), with the larg- est gains occurring in ambulatory health care services (16,000) and in nursing and residential care facilities (9,000).

In March, employment in mining increased by 8,000. Monthly job gains in mining have averaged 6,000 over the past 5 months.

Employment in federal government was up over the month, reflecting the hiring of 48,000 temporary workers for the decennial census.

Manufacturing employment continued to trend up in March (17,000); the industry has added 45,000 jobs in the first 3 months of 2010. Over the month, job gains were concentrated in fabricated metal products (9,000) and in machinery (6,000).

Employment in construction held steady (15,000) in March. The industry had lost an average of 72,000 jobs per month in the prior 12 months.

Over the month, employment changed little in transportation and warehousing, leisure and hospitality, retail trade, and wholesale trade.

In March, financial activities shed 21,000 jobs, with the largest losses occur- ring in insurance carriers and related activities (-9,000). Employment in the information industry decreased by 12,000.

The average workweek for all employees on private nonfarm payrolls was up by 0.1 hour to 34.0 hours in March. The manufacturing workweek for all employees increased by 0.2 hour to 39.9 hours, and factory overtime was up by 0.1 hour over the month. In March, the average workweek for production and nonsuper- visory employees on private nonfarm payrolls increased by 0.2 hour to 33.3 hours. (See tables B-2 and B-7.)

In March, average hourly earnings of all employees on private nonfarm payrolls fell by 2 cents, or 0.1 percent, to $22.47, following a 4-cent gain in February. Over the past 12 months, average hourly earnings have risen by 1.8 percent. In March, average hourly earnings of private production and nonsupervisory employ- ees fell by 2 cents, or 0.1 percent, to $18.90. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for January was revised from -26,000 to +14,000, and the change for February was revised from -36,000 to -14,000.

Source: U.S. Bureau of Labor Statistics · Original release Apr 2, 2010.

Archived Nov 11, 2026. Source reuse policy. Formatting has been adapted for reading; the source’s conclusions remain attributed to its publisher.

MortgageRates.news analysis · Historical context

The mortgage market around this release

This original analysis is separate from the source article. It compares observed benchmarks around ; historical averages and yields are not current mortgage offers.

Read beyond one jobs number

The Employment Situation combines two surveys: establishment data measure payroll jobs, hours and earnings, while household data measure people’s employment status and the unemployment rate. A payroll-job change and an unemployment-rate change therefore answer different questions. Check the reference period, participation and revisions alongside the headline. Labor-market conditions inform the policy outlook, but a later mortgage-rate change can reflect many developments; this calendar window cannot identify the report as its cause. BLS Employment Situation tables and technical notes.

Nearest published observation on or before each target date
Benchmark30 days earlierMar 3, 2010Publication referenceApr 2, 201030 days laterMay 2, 2010
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®5.05%Observed 5.08%Observed +3 bps vs. earlier reference5.06%Observed −2 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the TreasuryUnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.UnavailableBefore available coverage, which starts Jan 4, 2016.

Calendar references, not an intraday reaction. A same-day market observation may have been published after a morning release. These figures do not show what was known at its exact publication time. One basis point (bp) is 0.01 percentage point; changes use the actual dated observations shown.

Six months around publication

Jan 2, 2010 – Jul 2, 2010
Historical mortgage and Treasury observations around Apr 2, 2010Each dot is a published observation. No missing values are estimated. The dashed vertical line marks the article’s publication calendar date. Rates and yields are percentages.4.50%5.00%5.50%Publication date30-year fixed mortgage: 5.09% · Jan 7, 201030-year fixed mortgage: 5.06% · Jan 14, 201030-year fixed mortgage: 4.99% · Jan 21, 201030-year fixed mortgage: 4.98% · Jan 28, 201030-year fixed mortgage: 5.01% · Feb 4, 201030-year fixed mortgage: 4.97% · Feb 11, 201030-year fixed mortgage: 4.93% · Feb 18, 201030-year fixed mortgage: 5.05% · Feb 25, 201030-year fixed mortgage: 4.97% · Mar 4, 201030-year fixed mortgage: 4.95% · Mar 11, 201030-year fixed mortgage: 4.96% · Mar 18, 201030-year fixed mortgage: 4.99% · Mar 25, 201030-year fixed mortgage: 5.08% · Apr 1, 201030-year fixed mortgage: 5.21% · Apr 8, 201030-year fixed mortgage: 5.07% · Apr 15, 201030-year fixed mortgage: 5.07% · Apr 22, 201030-year fixed mortgage: 5.06% · Apr 29, 201030-year fixed mortgage: 5.00% · May 6, 201030-year fixed mortgage: 4.93% · May 13, 201030-year fixed mortgage: 4.84% · May 20, 201030-year fixed mortgage: 4.78% · May 27, 201030-year fixed mortgage: 4.79% · Jun 3, 201030-year fixed mortgage: 4.72% · Jun 10, 201030-year fixed mortgage: 4.75% · Jun 17, 201030-year fixed mortgage: 4.69% · Jun 24, 201030-year fixed mortgage: 4.58% · Jul 1, 2010Jan 2, 2010Apr 2, 2010Jul 2, 2010
30-year fixed mortgage26 observations
Dots show published observations only. Missing dates remain blank, with no interpolation. The series have different publication schedules and measure different markets.

What that benchmark difference would mean for a $300,000 loan

At the publication reference$1,625.16/month

5.08% · Apr 1, 2010

At the later reference$1,621.48/month

5.06% · Apr 29, 2010

The illustrative principal-and-interest payment is $3.68 lower per month. This holds the loan amount and term constant to show the arithmetic effect of the benchmark difference.

Assumptions: two separate hypothetical $300,000 loans, each fully amortizing over 30 years with 360 monthly payments and its stated fixed interest rate. Excludes points, lender fees, taxes, insurance, association charges and other costs. PMMS is a national average, not an APR or a personalized rate offer. These are not two payments on one existing loan.

Sources, historical coverage and calculation limits

The 30-day comparisons use calendar days. Each cell selects the last published observation on or before its target; no rates are synthesized for missing dates. Gaps greater than seven days for daily Treasury data or fourteen days for weekly mortgage data are marked unavailable. Forward comparisons require the date to have arrived and source coverage to extend through it.

Historical files may contain revisions and do not reconstruct precisely what every market participant knew at the time. Freddie Mac changed its PMMS collection methodology in November 2022. Cross-period comparisons should account for that change. These windows include other news and cannot establish causation or forecast the next rate move.

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