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Hiring slows as economy adds only 88,000 jobs in March

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(Read caption) Payrolls increased by just 88,000 jobs overall in March, according to the latest Employment Situation Report. Unemployment declined to 7.6 percent.

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Today’s Employment Situation Report indicated that in March, net non-farm payrolls increased just 88,000 jobs overall with the private non-farm payrolls sub-component adding just 95,000 jobs while the civilian unemployment rate declined to 7.6% over the same period.

Net private sector jobs increased 0.08% since last month climbing 1.78% above the level seen a year ago but remained 2.02% below the peak level of employment seen in December 2007.

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