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Jobs · ORIGINAL ECONOMIC RELEASE

March 2019 Employment Situation

Total nonfarm payroll employment increased by 196,000 in March, and the unemployment rate was unchanged at 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional…

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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Total nonfarm payroll employment increased by 196,000 in March, and the unemployment rate was unchanged at 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional and technical services.

This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.

Household Survey Data

The unemployment rate remained at 3.8 percent in March, and the number of unemployed persons was essentially unchanged at 6.2 million. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (3.6 percent), adult women (3.3 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.7 percent), Asians (3.1 percent), and Hispanics (4.7 percent) showed little or no change in March. (See tables A-1, A-2, and A-3.)

In March, the number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.3 million and accounted for 21.1 percent of the unemployed. (See table A-12.)

The labor force participation rate, at 63.0 percent, was little changed over the month and has shown little movement on net over the past 12 months. The employment-population ratio was 60.6 percent in March and has been either 60.6 percent or 60.7 percent since October 2018. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed at 4.5 million in March. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. (See table A-8.)

In March, 1.4 million persons were marginally attached to the labor force, little different from a year earlier. (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 412,000 discouraged workers in March, about unchanged from a year earlier. (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 944,000 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 increased by 196,000 in March, with notable gains in health care and in professional and technical services. Employment growth averaged 180,000 per month in the first quarter of 2019, compared with 223,000 per month in 2018. (See table B-1.)

Health care added 49,000 jobs in March and 398,000 over the past 12 months. Over the month, employment increased in ambulatory health care services (+27,000), hospitals (+14,000), and nursing and residential care facilities (+9,000).

Employment in professional and technical services grew by 34,000 in March and 311,000 over the past 12 months. In March, computer systems design and related services added 12,000 jobs. Employment continued to trend up in architectural and engineering services (+6,000) and in management and technical consulting services (+6,000).

In March, employment in food services and drinking places continued its upward trend (+27,000), in line with its average monthly gain over the prior 12 months.

Employment in construction showed little change in March (+16,000) but has increased by 246,000 over the past 12 months.

Manufacturing employment changed little for the second month in a row (-6,000 in March, following +1,000 in February). In the 12 months prior to February, manufacturing had added an average of 22,000 jobs per month. Within the industry, employment in motor vehicles and parts declined in March (-6,000).

Employment in other major industries, including mining, wholesale trade, retail trade, transportation and warehousing, information, financial activities, and government, showed little change over the month.

The average workweek for all employees on private nonfarm payrolls increased by 0.1 hour to 34.5 hours in March, offsetting a decline of 0.1 hour in February. In manufacturing, the average workweek was unchanged in March at 40.7 hours, while overtime decreased by 0.1 hour to 3.4 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls rose by 0.1 hour to 33.7 hours. (See tables B-2 and B-7.)

In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February. Over the past 12 months, average hourly earnings have increased by 3.2 percent. Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $23.24 in March. (See tables B-3 and B-8.)

The change in total nonfarm payroll employment for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. With these revisions, employment gains in January and February combined were 14,000 more than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.) After revisions, job gains have averaged 180,000 per month over the last 3 months.

Source: U.S. Bureau of Labor Statistics · Original release Apr 5, 2019.

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 6, 2019Publication referenceApr 5, 201930 days laterMay 5, 2019
30-year fixed mortgageNational weekly averageFreddie Mac Primary Mortgage Market Survey®4.35%Observed 4.08%Observed −27 bps vs. earlier reference4.14%Observed +6 bps vs. publication reference
10-year TreasuryDaily par yieldU.S. Department of the Treasury2.69%Observed 2.50%Observed −19 bps vs. earlier reference2.54%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 5, 2019 – Jul 5, 2019
Historical mortgage and Treasury observations around Apr 5, 2019Each 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.1.50%3.00%4.50%Publication date30-year fixed mortgage: 4.45% · Jan 10, 201930-year fixed mortgage: 4.45% · Jan 17, 201930-year fixed mortgage: 4.45% · Jan 24, 201930-year fixed mortgage: 4.46% · Jan 31, 201930-year fixed mortgage: 4.41% · Feb 7, 201930-year fixed mortgage: 4.37% · Feb 14, 201930-year fixed mortgage: 4.35% · Feb 21, 201930-year fixed mortgage: 4.35% · Feb 28, 201930-year fixed mortgage: 4.41% · Mar 7, 201930-year fixed mortgage: 4.31% · Mar 14, 201930-year fixed mortgage: 4.28% · Mar 21, 201930-year fixed mortgage: 4.06% · Mar 28, 201930-year fixed mortgage: 4.08% · Apr 4, 201930-year fixed mortgage: 4.12% · Apr 11, 201930-year fixed mortgage: 4.17% · Apr 18, 201930-year fixed mortgage: 4.20% · Apr 25, 201930-year fixed mortgage: 4.14% · May 2, 201930-year fixed mortgage: 4.10% · May 9, 201930-year fixed mortgage: 4.07% · May 16, 201930-year fixed mortgage: 4.06% · May 23, 201930-year fixed mortgage: 3.99% · May 30, 201930-year fixed mortgage: 3.82% · Jun 6, 201930-year fixed mortgage: 3.82% · Jun 13, 201930-year fixed mortgage: 3.84% · Jun 20, 201930-year fixed mortgage: 3.73% · Jun 27, 201930-year fixed mortgage: 3.75% · Jul 3, 201910-year Treasury: 2.70% · Jan 7, 201910-year Treasury: 2.73% · Jan 8, 201910-year Treasury: 2.74% · Jan 9, 201910-year Treasury: 2.74% · Jan 10, 201910-year Treasury: 2.71% · Jan 11, 201910-year Treasury: 2.71% · Jan 14, 201910-year Treasury: 2.72% · Jan 15, 201910-year Treasury: 2.73% · Jan 16, 201910-year Treasury: 2.75% · Jan 17, 201910-year Treasury: 2.79% · Jan 18, 201910-year Treasury: 2.74% · Jan 22, 201910-year Treasury: 2.76% · Jan 23, 201910-year Treasury: 2.72% · Jan 24, 201910-year Treasury: 2.76% · Jan 25, 201910-year Treasury: 2.75% · Jan 28, 201910-year Treasury: 2.72% · Jan 29, 201910-year Treasury: 2.70% · Jan 30, 201910-year Treasury: 2.63% · Jan 31, 201910-year Treasury: 2.70% · Feb 1, 201910-year Treasury: 2.73% · Feb 4, 201910-year Treasury: 2.71% · Feb 5, 201910-year Treasury: 2.70% · Feb 6, 201910-year Treasury: 2.65% · Feb 7, 201910-year Treasury: 2.63% · Feb 8, 201910-year Treasury: 2.65% · Feb 11, 201910-year Treasury: 2.68% · Feb 12, 201910-year Treasury: 2.71% · Feb 13, 201910-year Treasury: 2.66% · Feb 14, 201910-year Treasury: 2.66% · Feb 15, 201910-year Treasury: 2.65% · Feb 19, 201910-year Treasury: 2.65% · Feb 20, 201910-year Treasury: 2.69% · Feb 21, 201910-year Treasury: 2.65% · Feb 22, 201910-year Treasury: 2.67% · Feb 25, 201910-year Treasury: 2.64% · Feb 26, 201910-year Treasury: 2.69% · Feb 27, 201910-year Treasury: 2.73% · Feb 28, 201910-year Treasury: 2.76% · Mar 1, 201910-year Treasury: 2.72% · Mar 4, 201910-year Treasury: 2.72% · Mar 5, 201910-year Treasury: 2.69% · Mar 6, 201910-year Treasury: 2.64% · Mar 7, 201910-year Treasury: 2.62% · Mar 8, 201910-year Treasury: 2.64% · Mar 11, 201910-year Treasury: 2.61% · Mar 12, 201910-year Treasury: 2.61% · Mar 13, 201910-year Treasury: 2.63% · Mar 14, 201910-year Treasury: 2.59% · Mar 15, 201910-year Treasury: 2.60% · Mar 18, 201910-year Treasury: 2.61% · Mar 19, 201910-year Treasury: 2.54% · Mar 20, 201910-year Treasury: 2.54% · Mar 21, 201910-year Treasury: 2.44% · Mar 22, 201910-year Treasury: 2.43% · Mar 25, 201910-year Treasury: 2.41% · Mar 26, 201910-year Treasury: 2.39% · Mar 27, 201910-year Treasury: 2.39% · Mar 28, 201910-year Treasury: 2.41% · Mar 29, 201910-year Treasury: 2.49% · Apr 1, 201910-year Treasury: 2.48% · Apr 2, 201910-year Treasury: 2.52% · Apr 3, 201910-year Treasury: 2.51% · Apr 4, 201910-year Treasury: 2.50% · Apr 5, 201910-year Treasury: 2.52% · Apr 8, 201910-year Treasury: 2.51% · Apr 9, 201910-year Treasury: 2.48% · Apr 10, 201910-year Treasury: 2.51% · Apr 11, 201910-year Treasury: 2.56% · Apr 12, 201910-year Treasury: 2.55% · Apr 15, 201910-year Treasury: 2.60% · Apr 16, 201910-year Treasury: 2.59% · Apr 17, 201910-year Treasury: 2.57% · Apr 18, 201910-year Treasury: 2.59% · Apr 22, 201910-year Treasury: 2.57% · Apr 23, 201910-year Treasury: 2.53% · Apr 24, 201910-year Treasury: 2.54% · Apr 25, 201910-year Treasury: 2.51% · Apr 26, 201910-year Treasury: 2.54% · Apr 29, 201910-year Treasury: 2.51% · Apr 30, 201910-year Treasury: 2.52% · May 1, 201910-year Treasury: 2.55% · May 2, 201910-year Treasury: 2.54% · May 3, 201910-year Treasury: 2.51% · May 6, 201910-year Treasury: 2.45% · May 7, 201910-year Treasury: 2.49% · May 8, 201910-year Treasury: 2.45% · May 9, 201910-year Treasury: 2.47% · May 10, 201910-year Treasury: 2.40% · May 13, 201910-year Treasury: 2.42% · May 14, 201910-year Treasury: 2.37% · May 15, 201910-year Treasury: 2.40% · May 16, 201910-year Treasury: 2.39% · May 17, 201910-year Treasury: 2.41% · May 20, 201910-year Treasury: 2.43% · May 21, 201910-year Treasury: 2.39% · May 22, 201910-year Treasury: 2.31% · May 23, 201910-year Treasury: 2.32% · May 24, 201910-year Treasury: 2.26% · May 28, 201910-year Treasury: 2.25% · May 29, 201910-year Treasury: 2.22% · May 30, 201910-year Treasury: 2.14% · May 31, 201910-year Treasury: 2.07% · Jun 3, 201910-year Treasury: 2.12% · Jun 4, 201910-year Treasury: 2.12% · Jun 5, 201910-year Treasury: 2.12% · Jun 6, 201910-year Treasury: 2.09% · Jun 7, 201910-year Treasury: 2.15% · Jun 10, 201910-year Treasury: 2.15% · Jun 11, 201910-year Treasury: 2.13% · Jun 12, 201910-year Treasury: 2.10% · Jun 13, 201910-year Treasury: 2.09% · Jun 14, 201910-year Treasury: 2.09% · Jun 17, 201910-year Treasury: 2.06% · Jun 18, 201910-year Treasury: 2.03% · Jun 19, 201910-year Treasury: 2.01% · Jun 20, 201910-year Treasury: 2.07% · Jun 21, 201910-year Treasury: 2.02% · Jun 24, 201910-year Treasury: 2.00% · Jun 25, 201910-year Treasury: 2.05% · Jun 26, 201910-year Treasury: 2.01% · Jun 27, 201910-year Treasury: 2.00% · Jun 28, 201910-year Treasury: 2.03% · Jul 1, 201910-year Treasury: 1.98% · Jul 2, 201910-year Treasury: 1.96% · Jul 3, 201910-year Treasury: 2.04% · Jul 5, 2019Jan 5, 2019Apr 5, 2019Jul 5, 2019
30-year fixed mortgage26 observations10-year Treasury125 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$1,446.12/month

4.08% · Apr 4, 2019

At the later reference$1,456.56/month

4.14% · May 2, 2019

The illustrative principal-and-interest payment is $10.45 higher 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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