Labor Bureau Reports Job Increase

April 2, 2004
The American economy added 308,000 (2.4%) more nonfarm workers onto its payroll in March. The growth in jobs generally spread across the board, with noted jumps in employment in the construction and service industries, according to a report by the Bureau of Labor Statistics released today. The construction sector added 71,000 jobs (1.0%) after shedding 21,000 in February— an indication that weather

The American economy added 308,000 (2.4%) more nonfarm workers onto its payroll in March. The growth in jobs generally spread across the board, with noted jumps in employment in the construction and service industries, according to a report by the Bureau of Labor Statistics released today.

The construction sector added 71,000 jobs (1.0%) after shedding 21,000 in February— an indication that weather conditions affected hiring. Manufacturing jobs, a hot issue for the coming presidential election, held steady at 14.3 million, to halt employment losses for the first time since July 2000. Truck transportation jobs saw a negligible increase of 600 jobs to 1.3 million.

Meanwhile the unemployment rate held steady at 5.7%. Both the March and February figures are preliminary and subject to revision. However, if the figures are an accurate indication of job growth, the Bush administration would have some relief for its Achilles heel— the economy.

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!