Unemployment rate falls in March

The U.S. unemployment rate fell from 8.9 percent in February to 8.8 percent in March, according to The Washington Post.

Employers added 216,000 jobs, which offset layoffs by local governments. Private employers added more than 200,000 jobs for a second straight month, which is the first time that has happened since 2006.

In March, the professional and business services sector added 78,000 jobs; education and health care sector added 45,000 jobs; leisure and hospitality sector added 37,000 jobs; retail sector added nearly 18,000 jobs; manufacturing sector added 17,000 jobs; and financial services sector added 6,000 jobs. The construction sector and transportation and warehousing sector eliminated jobs.

The unemployment rate has experienced the sharpest four-month decline since 1983, falling from 9.8 percent in November 2010. The number of unemployed people dropped to 13.5 million in March.

Date : 4/4/2011