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In March, the U.S. economy added 216,000 new jobs, beating Wall Street expectations and continuing a trend of solid job growth. This is the second straight month of gains in the 200,000 range -- the benchmark number that economists say the American economy must hit, month over month, in order to bring the unemployment down to pre-recession levels in 5 years.
The unemployment rate dropped from 8.9 to 8.8 percent, according to the Bureau of Labor Statistics data released this morning. The labor force participation rate held steady, indicating that the pool of millions of Americans who have grown too discouraged to seek work have not begun to return to the job market.
"It's a good report, a little better than expected, especially the dip in the unemployment rate for the right reasons," said Stuart Hoffman, an economist at PNC Financial Group. "More people are finding work. It's not just people disappearing in the statistical cracks," he said.
In January, for instance, the unemployment rate fell from 9.4 to 9 percent -- but only 36,000 new jobs were created. "What's been missing in the economy is job growth: well, we've now got two months of job growth back to back of over 200,000 jobs in the private sector," Hoffman said.
Originally posted by neo96
yeah compare those stats to how many new people are only welfare and getting unemployment
how many people are under employed while your at it.
i trust those numbers about as much as i trust lyndsey lohan in a jewelry store
Originally posted by Sestias
reply to post by mojoarian
This story is not only in the Huffington Post, it's all over the news. Except Fox, of course. They never have and never will say anything positive at all about Democrats.