Unemployment falls in March

The U.S. unemployment rate fell from 4.7 percent in February to 4.5 percent in March, according to The Washington Post.

However, employment gains revised down drastically, with U.S. employers adding a mere 98,000 jobs, the lowest gain in nearly a decade. Based on the Labor Department's revised estimates for job creation in January and February, an average of 178,000 jobs were added during each of the previous three months.

In March, the professional and business services industry added 56,000 jobs; health care sector added 14,000 jobs; mining sector added 11,000 jobs; financial activities sector added 9,000 jobs; and construction sector added 6,000 jobs. The retail industry lost 30,000 jobs.

The manufacturing, wholesale trade, transportation and warehousing, information, leisure and hospitality, and government sectors showed little or no change.

There currently are 7.2 million unemployed people in the U.S.

Date : 4/7/2017


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