Employment by Industry: March Growth Continues

The US labor market expanded at a strong pace in March, adding 431,000 new jobs and bringing the unemployment rate to a new, pandemic-era low of 3.6%, the Bureau of Labor Statistics reported.

Though payroll gains were lower than economists had expected, they still rounded up a strong first quarter for the US labor market with an average monthly gain of more than half a million jobs. March was the 15th straight month of robust job gains, according the BLS figures released last Friday.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

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