Friday, April 3, 2015

Jobs slowdown: US employers added just 126K jobs in March


From the Associated Press online:

A weakening U.S. economy spilled into the job market in March as employers added just 126,000 jobs - the fewest since December 2013 - snapping a 12-month streak of gains above 200,000.

The unemployment rate remained at 5.5 percent, the Labor Department said in its monthly report Friday.

The March jobs data raised uncertainties about the world's largest economy, which for months has been the envy of other industrialized nations for its steadily robust hiring and growth.

Employers now appear wary about the economy, especially as a strong dollar has slowed U.S. exports, home sales have sputtered and cheaper gasoline has yet to unleash more consumer spending...

In addition to reporting sluggish hiring for March, the government revised down its estimate of job gains in February and January by a combined 69,000.
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Link: http://hosted.ap.org/dynamic/stories/U/US_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-04-03-11-18-41

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