Hiring slows as economy adds only 88,000 jobs in March(Read article summary)
The US economy added only 88,000 jobs in March, according to Friday's Employment Situation Report. The unemployment rate declined to 7.6 percent over the same period.
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.