Economy Adds 192,000 Jobs in March
Posted on April 4, 2014
The U.S. Bureau of Labor has released the jobs report for March. The economy added 192,000 nonfarm jobs in March, which is a little above the average for the past twelve months. 183,000 per month have been added on average over the past 12 months. The unemployment rate was unchanged at 6.7%. The BLS says 10.5 million remain unemployed.
The biggest gains came in professional and business services, which added 57,000 jobs in March. This sector has been strong over the past twelve months, adding an average of 56,000 per month. Temporary help services added 29,000 jobs within the business services category.
Other sectors adding jobs included food services (+30,000), construction (+19,000), health care (+19,000) and mining and logging (+7,000).
Job gains were revised for January and February. January's report was revised from 129,000 jobs added to 144,000 and February increased by 22,000 jobs to 197,000.