Only 34,000 jobs were added in March, according to the Household Survey. 96,000 Americans, meanwhile, left the labor force. The Labor Force Participation Rate has fallen back to post-1978 lows. Given the implosion of the BLS’ January and February data with a 69,000 downward revision, the huge discrepancy between the Household and the Establishment surveys suggests that the March payroll number might be revised downward, miserable as it already is.
|Change from Feb. to March|
|Civilian noninstitutional population||181|
|Civilian labor force||-96|
|Not in labor force||27|
Categories: Asia Unhedged