11252020Wed
Last updateWed, 25 Nov 2020 4pm

Manufacturing & The Economy

U.S. Payrolls Decreased by 701,000 in March

Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4% from 3.5%, the U.S. Department of Labor reported today. The changes in these measures reflect the effects of the coronavirus (COVID-19) and efforts to contain it.

In March, manufacturing employment edged down (-18,000). Over the past 12 months, employment in the industry has shown little net change. 

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