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Jobs · ORIGINAL ECONOMIC RELEASE

March 2016 Employment Situation

Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, construction, and health…

Historical releaseThe figures below describe the original reporting period. They are not today’s rates or a current economic forecast.Today’s market brief →

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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.

Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, construction, and health care. Job losses occurred in manufacturing and mining.

Household Survey Data

In March, the unemployment rate (5.0 percent) and the number of unemployed persons (8.0 million) were little changed. Both measures have shown little movement since August. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (4.5 percent), adult women (4.6 percent), teenagers (15.9 percent), Whites (4.3 percent), Blacks (9.0 percent), Asians (4.0 percent), and Hispanics (5.6 percent) showed little or no change in March. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 2.2 million in March and has shown little movement since June. In March, these individuals accounted for 27.6 percent of the unemployed. (See table A-12.)

In March, the labor force participation rate (63.0 percent) and the employment- population ratio (59.9 percent) changed little. Both measures were up by 0.6 percentage point since September. (See table A-1.)

The number of persons employed part time for economic reasons (also referred to as involuntary part-time workers) was about unchanged in March at 6.1 million and has shown little movement since November. These individuals, who would have preferred full-time employment, 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.)

In March, 1.7 million persons were marginally attached to the labor force, down by 335,000 from 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 preceding the survey. (See table A-16.)

Among the marginally attached, there were 585,000 discouraged workers in March, down by 153,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.1 million persons marginally attached to the labor force in March had not searched for work for reasons such as school attendance or family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment rose by 215,000 in March. Employment gains occurred in retail trade, construction, and health care, while job losses occurred in manufacturing and mining. (See table B-1.)

Retail trade added 48,000 jobs in March. Employment gains occurred in general merchandise stores (+12,000), health and personal care stores (+10,000), building material and garden supply stores (+10,000), and automobile dealers (+5,000). Over the past 12 months, retail trade has added 378,000 jobs.

Construction employment rose by 37,000 in March. Job gains occurred among residential specialty trade contractors (+12,000) and in heavy and civil engineering construction (+11,000). Over the year, construction has added 301,000 jobs.

Employment in health care increased by 37,000 over the month, about in line with the average monthly gain over the prior 12 months. In March, employment rose in ambulatory health care services (+27,000) and hospitals (+10,000). Over the year, health care employment has increased by 503,000.

Over the month, employment continued to trend up in food services and drinking places (+25,000) and in financial activities (+15,000).

In March, employment in professional and business services changed little for the third month in a row. In 2015, the industry added an average of 52,000 jobs per month.

Employment in manufacturing declined by 29,000 in March. Most of the job losses occurred in durable goods industries (-24,000), including machinery (-7,000), primary metals (-3,000), and semiconductors and electronic components (-3,000).

Mining employment continued to decline in March (-12,000) with losses concentrated in support activities for mining (-10,000). Since reaching a peak in September 2014, employment in mining has decreased by 185,000.

Employment in other major industries, including wholesale trade, transportation and warehousing, information, and government, changed little over the month.

The average workweek for all employees on private nonfarm payrolls was unchanged at 34.4 hours in March. The manufacturing workweek edged down by 0.1 hour to 40.6 hours. Factory overtime was 3.3 hours for the fourth month in a row. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 33.6 hours. (See tables B-2 and B-7.)

In March, average hourly earnings for all employees on private nonfarm payrolls increased by 7 cents to $25.43, following a 2-cent decline in February. Over the year, average hourly earnings have risen by 2.3 percent. In March, average hourly earnings of private-sector production and nonsupervisory employees increased by 4 cents to $21.37. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for January was revised from +172,000 to +168,000, and the change for February was revised from +242,000 to +245,000. With these revisions, employment gains in January and February combined were 1,000 less than previously reported. Over the past 3 months, job gains have averaged 209,000 per month.

Source: U.S. Bureau of Labor Statistics · Original release Apr 1, 2016.

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 2, 2016Publication referenceApr 1, 201630 days laterMay 1, 2016
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®3.62%Observed 3.71%Observed +9 bps vs. earlier reference3.66%Observed −5 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury1.84%Observed 1.79%Observed −5 bps vs. earlier reference1.83%Observed +4 bps vs. publication reference

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 1, 2016 – Jul 1, 2016
Historical mortgage and Treasury observations around Apr 1, 2016Each 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.1.00%2.50%4.00%Publication date30-year fixed mortgage: 3.97% · Jan 7, 201630-year fixed mortgage: 3.92% · Jan 14, 201630-year fixed mortgage: 3.81% · Jan 21, 201630-year fixed mortgage: 3.79% · Jan 28, 201630-year fixed mortgage: 3.72% · Feb 4, 201630-year fixed mortgage: 3.65% · Feb 11, 201630-year fixed mortgage: 3.65% · Feb 18, 201630-year fixed mortgage: 3.62% · Feb 25, 201630-year fixed mortgage: 3.64% · Mar 3, 201630-year fixed mortgage: 3.68% · Mar 10, 201630-year fixed mortgage: 3.73% · Mar 17, 201630-year fixed mortgage: 3.71% · Mar 24, 201630-year fixed mortgage: 3.71% · Mar 31, 201630-year fixed mortgage: 3.59% · Apr 7, 201630-year fixed mortgage: 3.58% · Apr 14, 201630-year fixed mortgage: 3.59% · Apr 21, 201630-year fixed mortgage: 3.66% · Apr 28, 201630-year fixed mortgage: 3.61% · May 5, 201630-year fixed mortgage: 3.57% · May 12, 201630-year fixed mortgage: 3.58% · May 19, 201630-year fixed mortgage: 3.64% · May 26, 201630-year fixed mortgage: 3.66% · Jun 2, 201630-year fixed mortgage: 3.60% · Jun 9, 201630-year fixed mortgage: 3.54% · Jun 16, 201630-year fixed mortgage: 3.56% · Jun 23, 201630-year fixed mortgage: 3.48% · Jun 30, 201610-year Treasury: 2.24% · Jan 4, 201610-year Treasury: 2.25% · Jan 5, 201610-year Treasury: 2.18% · Jan 6, 201610-year Treasury: 2.16% · Jan 7, 201610-year Treasury: 2.13% · Jan 8, 201610-year Treasury: 2.17% · Jan 11, 201610-year Treasury: 2.12% · Jan 12, 201610-year Treasury: 2.08% · Jan 13, 201610-year Treasury: 2.10% · Jan 14, 201610-year Treasury: 2.03% · Jan 15, 201610-year Treasury: 2.06% · Jan 19, 201610-year Treasury: 2.01% · Jan 20, 201610-year Treasury: 2.02% · Jan 21, 201610-year Treasury: 2.07% · Jan 22, 201610-year Treasury: 2.03% · Jan 25, 201610-year Treasury: 2.01% · Jan 26, 201610-year Treasury: 2.02% · Jan 27, 201610-year Treasury: 2.00% · Jan 28, 201610-year Treasury: 1.94% · Jan 29, 201610-year Treasury: 1.97% · Feb 1, 201610-year Treasury: 1.87% · Feb 2, 201610-year Treasury: 1.88% · Feb 3, 201610-year Treasury: 1.87% · Feb 4, 201610-year Treasury: 1.86% · Feb 5, 201610-year Treasury: 1.75% · Feb 8, 201610-year Treasury: 1.74% · Feb 9, 201610-year Treasury: 1.71% · Feb 10, 201610-year Treasury: 1.63% · Feb 11, 201610-year Treasury: 1.74% · Feb 12, 201610-year Treasury: 1.78% · Feb 16, 201610-year Treasury: 1.81% · Feb 17, 201610-year Treasury: 1.75% · Feb 18, 201610-year Treasury: 1.76% · Feb 19, 201610-year Treasury: 1.77% · Feb 22, 201610-year Treasury: 1.74% · Feb 23, 201610-year Treasury: 1.75% · Feb 24, 201610-year Treasury: 1.71% · Feb 25, 201610-year Treasury: 1.76% · Feb 26, 201610-year Treasury: 1.74% · Feb 29, 201610-year Treasury: 1.83% · Mar 1, 201610-year Treasury: 1.84% · Mar 2, 201610-year Treasury: 1.83% · Mar 3, 201610-year Treasury: 1.88% · Mar 4, 201610-year Treasury: 1.91% · Mar 7, 201610-year Treasury: 1.83% · Mar 8, 201610-year Treasury: 1.90% · Mar 9, 201610-year Treasury: 1.93% · Mar 10, 201610-year Treasury: 1.98% · Mar 11, 201610-year Treasury: 1.97% · Mar 14, 201610-year Treasury: 1.97% · Mar 15, 201610-year Treasury: 1.94% · Mar 16, 201610-year Treasury: 1.91% · Mar 17, 201610-year Treasury: 1.88% · Mar 18, 201610-year Treasury: 1.92% · Mar 21, 201610-year Treasury: 1.94% · Mar 22, 201610-year Treasury: 1.88% · Mar 23, 201610-year Treasury: 1.91% · Mar 24, 201610-year Treasury: 1.89% · Mar 28, 201610-year Treasury: 1.81% · Mar 29, 201610-year Treasury: 1.83% · Mar 30, 201610-year Treasury: 1.78% · Mar 31, 201610-year Treasury: 1.79% · Apr 1, 201610-year Treasury: 1.78% · Apr 4, 201610-year Treasury: 1.73% · Apr 5, 201610-year Treasury: 1.76% · Apr 6, 201610-year Treasury: 1.70% · Apr 7, 201610-year Treasury: 1.72% · Apr 8, 201610-year Treasury: 1.73% · Apr 11, 201610-year Treasury: 1.79% · Apr 12, 201610-year Treasury: 1.77% · Apr 13, 201610-year Treasury: 1.80% · Apr 14, 201610-year Treasury: 1.76% · Apr 15, 201610-year Treasury: 1.78% · Apr 18, 201610-year Treasury: 1.79% · Apr 19, 201610-year Treasury: 1.85% · Apr 20, 201610-year Treasury: 1.88% · Apr 21, 201610-year Treasury: 1.89% · Apr 22, 201610-year Treasury: 1.91% · Apr 25, 201610-year Treasury: 1.94% · Apr 26, 201610-year Treasury: 1.87% · Apr 27, 201610-year Treasury: 1.84% · Apr 28, 201610-year Treasury: 1.83% · Apr 29, 201610-year Treasury: 1.88% · May 2, 201610-year Treasury: 1.81% · May 3, 201610-year Treasury: 1.79% · May 4, 201610-year Treasury: 1.76% · May 5, 201610-year Treasury: 1.79% · May 6, 201610-year Treasury: 1.77% · May 9, 201610-year Treasury: 1.77% · May 10, 201610-year Treasury: 1.73% · May 11, 201610-year Treasury: 1.75% · May 12, 201610-year Treasury: 1.71% · May 13, 201610-year Treasury: 1.75% · May 16, 201610-year Treasury: 1.76% · May 17, 201610-year Treasury: 1.87% · May 18, 201610-year Treasury: 1.85% · May 19, 201610-year Treasury: 1.85% · May 20, 201610-year Treasury: 1.84% · May 23, 201610-year Treasury: 1.86% · May 24, 201610-year Treasury: 1.87% · May 25, 201610-year Treasury: 1.83% · May 26, 201610-year Treasury: 1.85% · May 27, 201610-year Treasury: 1.84% · May 31, 201610-year Treasury: 1.85% · Jun 1, 201610-year Treasury: 1.81% · Jun 2, 201610-year Treasury: 1.71% · Jun 3, 201610-year Treasury: 1.73% · Jun 6, 201610-year Treasury: 1.72% · Jun 7, 201610-year Treasury: 1.71% · Jun 8, 201610-year Treasury: 1.68% · Jun 9, 201610-year Treasury: 1.64% · Jun 10, 201610-year Treasury: 1.62% · Jun 13, 201610-year Treasury: 1.62% · Jun 14, 201610-year Treasury: 1.60% · Jun 15, 201610-year Treasury: 1.57% · Jun 16, 201610-year Treasury: 1.62% · Jun 17, 201610-year Treasury: 1.67% · Jun 20, 201610-year Treasury: 1.71% · Jun 21, 201610-year Treasury: 1.69% · Jun 22, 201610-year Treasury: 1.74% · Jun 23, 201610-year Treasury: 1.57% · Jun 24, 201610-year Treasury: 1.46% · Jun 27, 201610-year Treasury: 1.46% · Jun 28, 201610-year Treasury: 1.50% · Jun 29, 201610-year Treasury: 1.49% · Jun 30, 201610-year Treasury: 1.46% · Jul 1, 2016Jan 1, 2016Apr 1, 2016Jul 1, 2016
30-year fixed mortgage26 observations10-year Treasury126 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$1,382.55/month

3.71% · Mar 31, 2016

At the later reference$1,374.07/month

3.66% · Apr 28, 2016

The illustrative principal-and-interest payment is $8.48 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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