US Economy Adds 192,000 Jobs in March

The US added 192,000 new jobs in March, in line with expectations, as the unemployment rate held steady at 6.7%.

The US Labor Department also revised the February figure up to 197,000 from 175,000.

Severe weather over the winter did not prevent the monthly average for new jobs from continuing a climb towards pre-economic crisis levels.

Employment grew in health care, and professional and business services, and in mining and logging.

“This employment report should help put to rest fears that the economy was stalling as we entered the new year,” tweeted Justin Wolfers, an economics professor at the University of Michigan.

The jobs figures were broadly in line with economist expectations of 200,000 new posts per month for 2014, while the number of people who were unemployed remained at 10.5 million.

via SOURCE

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