The Employment Situation: March 1995 — 1995-04-07

Employment continued to increase and unemployment was essentially unchanged in March, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Nonfarm payroll employment rose by 203,000 over the month, with substantial gains in services and construction. Manufacturing employment was flat, following a 5-month period of solid growth. The unemployment rate for March was 5.5 percent. Both the level and rate of unemployment were virtually unchanged in March at 7.2 million and 5.5 percent, respectively. These measures are about the same as they were at the end of 1994; they had fallen substantially over the course of that year. (See table A-1.) The jobless rates for adult men (4.7 percent), adult women (4.9 percent), whites (4.7 percent), blacks (9.8 percent), and Hispanics (9.1 percent) also showed little or no change in March. The rate for teenagers (16.1 percent) declined somewhat.