U.S. Jobless Rate Fell to Five-Month Low in March

Instead of unemployment rising, as predicted, America’s jobless rate fell back to a five-month low of 4.4 per cent in March, the U.S. Department of Labor reported.

WASHINGTON — Nonfarm payroll employment rose by 180,000 in March, and the unemployment rate was essentially unchanged at 4.4 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported.

Employment increased in construction, retail trade, and health care. The number of manufacturing jobs continued to trend down. Average hourly earnings rose by 6 cents, or 0.3 percent, over the month.

In March, the number of unemployed persons (6.7 million) and the unemployment rate (4.4 percent) were essentially unchanged. The jobless rate has remained within a narrow range — 4.4 to 4.6 percent — since September 2006.

Source: U.S. Department of Labor

No more results found.
No more results found.