Female Gains Dominate Today's Jobs Report
Here are a couple of interesting items in today's Employment Report:
1. From the household survey, there was an increase of 291,000 jobs in March, because of an increase in female employment of 305,000 jobs last month, which was offset slightly by a decrease of 14,000 household jobs for men.
2. The March jobless rate for men remained the same as February at 9.3%, while the unemployment rate for women fell from 8.5% to 8.3%.
Therefore, all of the employment gains in March were female jobs, and all of the overall reduction in the March jobless rate from 8.9% to 8.8% was because of job gains for women. Looking through the report, I didn't find any obvious sources of the job gains for women, e.g. there was a gain of 45,000 jobs for the education and health care sector, where about 70% of the jobs are held by women. But that doesn't come close to explaining 305,000 job increase for women, so I'm somewhat puzzled.....