The
Labor Market Insights report provides a monthly overview of key labor market statistics.
As the changing workforce and economic conditions continue to be top of mind for workers compensation executives, this valuable resource delivers timely perspectives on what the latest jobs reports mean for the industry. The
data and insights shared in this monthly publication are designed to provide just-in-time information to help industry leaders make informed decisions.
Key Insights:
- Employment grew strongly in March, with the economy adding 228,000 jobs overall and 209,000 in the private sector. Employment growth in the first three months of 2025 remained close to the one-year average, signaling continued resilience in the labor market.
Recent growth continued in health care, transportation and warehousing, and construction, while leisure and hospitality and retail trade rebounded strongly from their February declines. Employment growth in most other sectors was little changed.
Federal government employment declined by 4,000 jobs in March. Note that employees on leave or receiving ongoing severance payments are counted as employed in the survey. It will take some time for this number to reflect recent changes. - The unemployment rate was little changed, rising from an unrounded 4.14% to 4.15%. It remains in the recent 4.0% to 4.2% range.
Big Picture: Labor market indicators remained in solid shape as of the March 12 reference week.
Significant policy changes have been implemented since then, and economic uncertainty has risen. The impact and magnitude of recent policy changes on the economy likely won’t be observed in the data for several months.
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Labor Market Insights report.
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Economics Team if you have questions or want to gain additional insights.
This article is provided solely as a reference tool to be used for informational purposes only. The information in this article shall not be construed or interpreted as providing legal or any other advice. Use of this article for any purpose other than as set forth herein is strictly prohibited.
