Construction employment increased by 71,000 in March, following a decline in February. This industry has added 201,000 jobs over the past year. Most of the March employment gain occurred among specialty trade contractors. Retail trade added 47,000 jobs in March. This sector has added 132,000 jobs since December, after posting a net job loss in 2003. Within retail trade, employment in food stores increased by 13,000 over the month, reflect- ing the net impact of workers returning from a strike. Wholesale trade em- ployment edged up over the month. Since October, the industry has added 39,000 jobs. Employment in health care and social assistance rose by 36,000 in March. Over the year, this industry has gained 255,000 jobs. In March, employment increased in hospitals (12,000), offices of physicians (9,000), and nursing and residential care facilities (7,000). In the financial sector, employment in credit intermediation and related activities grew by 11,000 in March. Following declines in the last quarter of 2003, employment in credit intermediation expanded in the first quarter, reflecting a rise in mortgage refinancing activity. Prior to the fourth quarter of 2003, the industry had been adding jobs for about 3 years. Professional and business services added 42,000 jobs in March. Small em- ployment increases occurred in several of the component industries, including architectural and engineering services, computer systems design, and manage- ment consulting. Elsewhere in professional and business services, employment in temporary help services was about unchanged over the month. Since April 2003, however, the industry has added 212,000 jobs. Within the leisure and hospitality sector, employment in food services and drinking places increased by 27,000 over the month and by 186,000 over the year. Manufacturing employment was unchanged in March at 14.3 million. Declines in manufacturing employment began moderating late last summer. Employment in both durable and nondurable goods manufacturing was little changed in March. Employment in a number of other industries edged up in March, including transportation and warehousing (13,000), utilities (2,000), and government (31,000). Within government, the March job gain was concentrated in state and local education. Weekly Hours (Establishment Survey Data) The average workweek for production or nonsupervisory workers on private nonfarm payrolls decreased by 0.1 hour in March to 33.7 hours, seasonally adjusted. The manufacturing workweek also declined by 0.1 hour to 40.9 hours. Manufacturing overtime was unchanged at 4.6 hours over the month. (See table B-2.) The index of aggregate weekly hours of production or nonsupervisory workers on private nonfarm payrolls fell by 0.1 percent in March to 99.0 (2002=100). The manufacturing index was down by 0.3 percent over the month to 94.1. (See table B-5.) Hourly and Weekly Earnings (Establishment Survey Data) Average hourly earnings of production or nonsupervisory workers on private nonfarm payrolls increased by 2 cents in March to $15.54, seasonally adjusted. Average weekly earnings fell by 0.2 percent over the month to $523.70. Over the year, average hourly earnings grew by 1.8 percent, and average weekly earn- ings increased by 1.5 percent. (See table B-3.)
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