Strong March jobs report: 431,000 added in March
Unemployment drops to 3.6%, Labor force participation rate increases
US employers added about 431,000 jobs in March the Bureau of Labor Statistics reported last Friday. The labor force participation rate increased to 62.4 percent and the national unemployment rate dropped to 3.6 percent.
March is the eleventh straight month that employers added more than 400,000 jobs, bringing the total number of employed workers to 1.6 million fewer than February 2020, after an initial pandemic-related drop of 22 million.
The data now shows there are 11.3 million job openings at the end of February, which is 1.8 openings for for each unemployed person.
"The labor market is extremely tight,” Federal Reserve chairman Jerome Powell said in a recent speech. “Significantly tighter than the very strong job market just before the pandemic.”
The March numbers show employers are increasing wages, with average hourly earnings up 5.6 percent over last year, but those hikes don't keep up with inflation, with the Personal Consumption Expenditures Price Index was up 6.4 percent over last year in February.
Leisure and hospitality was among the strongest sectors in March, adding 112,000 jobs and a 14.9 percent increase in wages. Transportation and warehousing saw wage increases of 11.1 percent.
More information:
Employment Situation Summary (US Bureau of Labor Statistics)
Unemployment rate (Federal Reserve)
Economy added 431,000 jobs in March despite worries over slowing growth (CNBC)
Inflation slams west-central Wisconsin food bank (Leader-Telegram $)
GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread (CNBC)
More national news:
Biden orders up oil from US reserves to fight gas price hike (News Nation)
U.S. to Make 35,000 More H-2B Visas Available for Seasonal Workers (Wall Street Journal $)
Gallagher, Spanberger Introduce Bipartisan Bill to Combat America’s Truck Driver Shortage, Supply Chain Challenges (News Release)
Senate Judiciary Committee Completes Confirmation Hearing on Supreme Court Nominee Jackson (National Law Review)
House passes marijuana legalization bill (again), but with no clear path forward (Politico)
COVID-19 Updates
COVID-19 deaths plunge in region in March (Leader-Telegram $)
FDA authorizes second COVID boosters to 50 and up, others at risk (AP)
Mayo Clinic doctors: Communities need to be vigilant as subvariant becomes more prevalent in Wisconsin (WPR)
COVID-19 Resources:
COVID-19 Symptoms & Testing (EC City-County Health Department)
Local COVID-19 Testing Sites (EC City-County Health Department)
Interactive COVID Data Tracker (CDC)
COVID-19: Staying Safe in Your Community (EC City-County Health Dept.)
Eau Claire County COVID-19 Information Hub
Eau Claire weekly COVID Situation Report
Eau Claire County COVID-19 Vaccination Page
Metrics Dashboard
Chippewa Valley COVID-19 Economic Recovery Task Force
Mark your calendar:
2022 Human Resource Conference
• Wednesday, April 6, The Florian Gardens
Chamber/UW-Eau Claire Business Community Breakfast
• Wednesday, April 20, UWEC Davies Center
Eggs & Issues: "State of Altoona"
• Thursday, April 21, River Prairie Center
Eau What A Night: The Chamber's 108th Annual Meeting
• Wednesday, January 25, 2023, Pablo Center
Next up on the public calendar:
Wisconsin Political Calendar (WisPolitics.com)
Spring Non-Partisan General Election
Local City and Town Councils, School Boards, County Boards, Judges
• Tuesday, April 5
Partisan Primary
US Senate (Tammy Baldwin seat), Congress, State Senate (odd # districts) Assembly, Governor , Attorney General, State Treasurer, Secretary of State, County Sherriff, County Clerk of Court
• Tuesday, Aug 9
General Election
• Tuesday, November 8
City of Altoona City calendar (with links to agendas)
Meeting and video links
Mayor and City Council Members
• Monday, Apr 11, 6 p.m. Parks and Recreation Committee
• Tuesday, Apr 12, 1 p.m. Altoona Housing Authority
• Tuesday, Apr 12, 5:30 p.m. Plan Commission
• Tuesday, Apr 12, 5:30 p.m. Public hearing
• Thursday, Apr 14, 6 p.m. City Council
• Tuesday, Apr 19, 6 p.m. City Council
City of Eau Claire Full calendar
City Council Members (City of Eau Claire)
Link to video recordings of city meetings (City of Eau Claire)
• Monday, Apr 4, 7 p.m. Plan Commission
• Monday, Apr 11, 7 p.m. City Council Public Hearing
• Tuesday, Apr 12, 4 p.m. City Council Legislative Session
• Wednesday, Apr 13, 5 .m. Housing Opportunities Commission
• Monday, Apr 18, 7 p.m. Plan Commission
• Wednesday, Apr 20, 7:30 a.m. Redevelopment Authority
• Wednesday, Apr 20, 3:30 p.m. Sustainability Advisory Committee
• Wednesday, Apr 20 6 p.m. Transit Commission
City of Augusta
City website
Village of Fall Creek
Village Board
Town of Washington
Town website
Altoona School District
Altoona School Board
Eau Claire Area School District
Board of Education
• Monday, Apr 4, 7 p.m.
Augusta School District
Augusta School Board
Fall Creek School District
School Board
Chippewa Valley Technical College
District Board
Eau Claire County Full calendar
Click here to find your County Board Representative (interactive map)
• Wednesday, Apr 6, 2 p.m. Highway Building Committee
• Wednesday, Apr 6, 6:30 p.m. Committee on Administration
• Wednesday, Apr 6, 7 p.m. County Board of Supervisors
• Monday, Apr 11, 3 p.m. ADRC Board
• Monday, Apr 11, 5 p.m. Committee on Parks & Forest
• Tuesday, Apr 12, 2:30 p.m. Committee on Administration
• Tuesday, Apr 12, 7 p.m. Committee on Planning and Development
• Monday, Apr 18, 5 p.m. Housing Authority Board
• Monday, Apr 18, 6 p.m. Public Hearing-Chippewa Valley Regional Airport Commission
• Wednesday, Apr 20, 7:30 p.m. Chippewa Valley Regional Airport-Airport Commission
Thanks for reading this issue of Business Advocate. If you have comments or questions, contact Scott Rogers, Vice President Governmental Affairs, at 715-858-0616 or rogers@eauclairechamber.org