Boosted by the hiring of Census takers and a rebound from February’s snows, the economy created 162,000 jobs in March—the largest monthly increase in nonfarm payrolls in three years. The unemployment rate held steady at 9.7% with the labor force rising by 398,000.
The “other” employment survey—of households rather than businesses—revealed a March job gain of 264,000—the third consecutive month of robust employment growth. The Household Survey is regarded as a leading indicator of future employment trends because it captures small business hiring, home based entrepreneurs, and—more importantly, from our perspective—illegal aliens.
March 2010 was one of those rare periods in which all new jobs apparently went to natives. Here are the month’s employment changes:
Total employment: +264,000 (+0.19 percent)
Hispanic employment: no change (+0.00 percent)
Non-Hispanic employment: +264,000 (+0.22 percent)
Accordingly, the VDARE.com American Worker Displacement Index (VDAWDI) fell by 0.3 percent March to 125.6:
Monday, April 5, 2010
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