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N <br />0 <br />C <br />v <br />c <br />M <br />r <br />u <br />0 <br />Employment <br />1,000 <br />900 <br />800 <br />700 <br />600 <br />500 <br />400 <br />300 <br />200 <br />100 <br />0 <br />Nonfarm Payroll (000's) <br />Non -farm Payroll (000's) <br />3 month average (000's) <br />✓ S � <br />oz <br />0 <br />Pc�1 <br />✓ <br />GV2, <br />S <br />ep <br />O <br />0C, <br />0/�� <br />dr�S <br />Source: US Department of Labor <br />12.0% <br />10.0% <br />8.0% <br />e <br />°3 6.0 % <br />4.0 % <br />2.0 % <br />0.0 % <br />✓ S <br />Source: US Department of Labor <br />Unemployment Rate <br />-Underemployment Rate(U6) <br />-Unemployment Rate (U3) <br />The U.S. economy added 236,000 jobs in March, and the prior two months were revised downward by 17,000. Although the pace of job growth <br />is moderating, employment remains strong, with the three-month moving average payrolls at 345,000 and the six-month moving average at <br />315,000. The private sector reported broad gains, led by leisure and hospitality. The unemployment rate fell to 3.5% due to a sharp rise in the <br />number of people employed, and the participation rate increased to 62.6% from 62.5% in February. The U-6 underemployment rate, which <br />includes those who are marginally attached to the labor force and employed part time for economic reasons, declined to 6.7% from the prior <br />month at 6.8%. Average hourly earnings rose 4.2%year-over-year in March, down from a 4.6% increase in February. Job Openings dipped to 9.9 <br />million, the first drop below 10 million since May of 2021. While the overall pace of hiring is slowing, levels remain consistent with a solid labor <br />market. <br />4 c►" <br />17/76 <br />