Economy
March 15, 2018
BLS Data Shows Job Creation Decline in March
Written by Peter Wright
Net job creation in March, as reported by the Bureau of Labor Statistics (BLS) on Friday, dropped by 64 percent from February, but this was not as bad as it first looks.
Figure 1 shows the 3MMA of the number of jobs created monthly since 2000 as the brown bars and the total number employed as the black line. These numbers are seasonally adjusted by the BLS, which has been criticized in the past for the ineffectiveness of its seasonal adjustment calculations.
