The U.S. Bureau of Labor Statistics (BLS) on Friday, issued its jobs report for March. Here are the highlights:
· Jobs added: 126,000
(Analysts/economists had expected about 245,000)
(Sponsored)
Final Regulations for the Advanced Manufacturing Production Credit
The IRS recently issued final regulations for the Section 45X Advanced Manufacturing Production Credit, clarifying and expanding key provisions from the proposed regulations released in late 2023. These updates are
Maximizing Tax Benefits for Energy-Efficient Buildings
The Inflation Reduction Act (IRA) of 2022 significantly enhanced the Section 179D deduction, making it even more valuable for businesses investing in energy-efficient commercial building property (EECBP) and energy-efficient commercial
· Unemployment rate: 5.5 percent
(Unchanged from February)
· Average workweek (private payrolls): 34.5 hours
(Down from 34.6 hours in February)
· Average hourly earnings (private payrolls): $24.86
(Up 7 cents an hour from February)
· Labor-force participation rate: 62.7 percent
(Down from 62.8 percent in February and 62.9 percent in January)
The BLS also reported that it revised down the previously reported job gains for January from 239,000 to 201,000, and the job gains for February from 295,000 to 264,000. With these statistical revisions, the employment gains in January and February combined were 69,000 less than previously reported, the BLS said.
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