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Economy Adds 88K Jobs In March; Unemployment Rate Down to 7.6%

April 5, 2013

Economy Adds 88K Jobs In March; Unemployment Rate Down to 7.6%

The economy added 88,000 jobs in March – the weakest showing since last June – but the unemployment rate dropped to 7.6.percent, its lowest level since December 2008, the Bureau of Labor Statistics reported Friday. Economists had forecast payrolls would grow by 200,000 and that the unemployment rate would remain at 7.7 percent.

Job growth for February, originally reported at 236,000 was revised upward to 268,000 and January was revised up to 148,000 from 119,000.

Average weekly hours rose along with average hourly earnings.

Details to follow.

From → Uncategorized

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