Unemployment rate at 8.2 percent in March - Trade Only Today

Unemployment rate at 8.2 percent in March

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The United States added 120,000 jobs in March and the unemployment rate was little changed, standing at 8.2 percent, the U.S. Bureau of Labor Statistics reported today.

Employment rose in manufacturing, food services and drinking places, and health care, but was down in retail trade.

The number of long-term unemployed (those jobless for 27 weeks and longer) was essentially unchanged at 5.3 million in March. Those people accounted for 42.5 percent of the unemployed. Since April 2010, the number of long-term unemployed has fallen by 1.4 million.

The number of people employed part time for economic reasons fell from 8.1 to 7.7 million during the month. Those people were working part time because their hours had been cut or because they were unable to find a full-time job.

In March, 2.4 million people were marginally attached to the labor force, essentially unchanged from a year earlier. They were not counted as unemployed because they had not searched for work in the four weeks preceding the survey.

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