The unemployment rate stayed flat at 6.7% in March, below expectations of 6.8%…

… on the back of a small 14K rise in part-time employment and next-to-no change in full-time job creation.

At the industry level, results were mixed…

… and it’s unlikely we’ll see broad-based gains until there’s a meaningful recovery in job vacancies, which remain the bottleneck to lower unemployment…

… and the cause of higher unemployment duration.