Friday, April 4, 2014

Nation's Jobless Rate Holds Steady at 6.7 Percent

Posted By on Fri, Apr 4, 2014 at 10:38 AM

More than 190,000 jobs—mostly in the private sector—were added to the U.S. economy in March, but the nation's unemployment rate remained flat for the month at 6.7 percent.

The U.S. Labor Department also reported this morning that the nation's employers added 37,000 more jobs in January and February than had been previously estimated. Feds said the increase in jobs was paced by gains in construction, retail and professional services while government employment remained relatively flat, with federal and state governments shedding 11,000 jobs while local governments added 9,000 jobs.

Friday morning's report also indicates a milestone: More than six years after the unofficial beginning of the recession, which saw 8.8 million jobs evaporate in the downturn, employers have hired 8.9 million workers. But economists are quick to add that the nation's population continues to expand, thereby keeping the unemployment rate high.

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