The U.S. unemployment rate ticked down a tenth of a point in March to 8.8 percent—the lowest in two years—as 216,000 new jobs were created during the month. —JCL
Los Angeles Times:
The U.S. economy created 216,000 jobs in March, the government reported Friday, continuing the recent rebound in hiring that has helped strengthen the recovery.
The unemployment rate dropped a tenth of a point to 8.8%, the lowest since March 2009. The unemployment rate has now dropped a full percentage point since November.
“Almost two years after the recession officially ended, the labor market appears to finally be picking up,” said Kathy Bostjancic, director for macroeconomic analysis at the Conference Board, a business and economic nonprofit.