U.S. Economy Adds 120,000 Jobs in March
Posted on April 6, 2012The U.S. economy added 120,000 new jobs in March. This low number sadly ends the streak of 200,000+ jobs created a month since December. The number of unemployed persons (12.7 million) and the unemployment rate (8.2 percent) were both little changed in March. This is not good. The number of unemployed persons should be going down.
Philly.com reports that Nigel Gault, chief U.S. economist at IHS Global Insight, says, "March was expected to bring another good jobs report, and it failed miserably."
Job gains were spread out over several industries, including business services, health care, leisure and hospitality and manufacturing. Retail trade employment fell by 34,000 in March. Take a look: