Positive Numbers in March Jobs Report
Posted on April 7, 2010The numbers from the March jobs report are better. The U.S. economy gain 162,000 jobs in March, the biggest jump in three years. CNN reports that this was less than what analysts were expecting, but at least it was a jobs report in the right direction.
The jobs created in March are still not good enough. The economy needs really needs to create at least 300,000 jobs per month. It also needs to do this consistently. Republican National Committee Chairman Michael Steele said a statement taht "a large portion of the job growth came from temporary boost in government employment."Economists surveyed by Briefing.com had forecast a gain of 184,000 jobs. But despite missing forecasts, the March number was generally not seen as a disappointment by economists, because revisions in January and February readings added a combined 62,000 additional jobs.
The unemployment rate remained stubbornly high, holding steady at 9.7%, matching economist expectations.
Labor Secretary Hilda Solis says it is modest and stable growth but they know more needs to be done. Take a look: