March online advertised vacancies up 2.2 percent from February and 3.7 percent year-on-year

Online advertised vacancies were 4,819,700 in March, up 2.2 percent from February and 3.7 percent year-on-year. The February Supply/Demand rate stands at 1.42 unemployed for each advertised vacancy, with a total of 2.0 million more unemployed workers than the number of advertised vacancies.

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Private sector employment rose sharply to 253,000 jobs in May

ADP: Private sector employment increased by 253,000 jobs from April to May. This compares to 174,000 jobs the previous month and 58,000 jobs during May of 2016.

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Job growth remained robust in January

More good news on the job front!  From the L.A. Times:

The economy had another robust month of job growth in January, adding 257,000 net new positions and producing the best wage gains in more than six years…

The unemployment rate ticked up to 5.7%, but that was because 703,000 more people entered the labor force, a positive sign for the jobs market…

In addition to January's job growth, the Labor Department said the economy added an additional 147,000 net new jobs combined in November and December…

The upward revisions mean the U.S. economy added just over 1 million net new jobs in the three months ending Jan. 30, the first time that's happened since 1997...

To read the entire BLS press release, click here.

BuilderBytes' MetroIntelligence Economic Update for 3/11/14

Please click here to see the edition of BuilderBytes for 3/13114 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Job growth up sharply in February despite cold weather
• Consumer credit use in January held back by credit card use

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