Unemployment holds steady in March

The U.S. unemployment rate was unchanged at 6.7 percent in March as U.S. employers added 192,000 jobs, according to USA Today. Economists were expecting to add 195,000 jobs.

Analysts had been expecting the labor market to pick up significantly after the severe winter weather from December 2013 through February. However, some economists say weather may have continued to put a damper on job growth in March.

Still, half a million Americans started looking for work in March, and most of them found jobs. The increase in job-seekers is viewed as a sign they are more optimistic about their prospects.

Employment gains for January and February were revised up by a total 37,000. January's employment gains were revised to 144,000 from 129,000, and February's employment gains were revised to 197,000 from 175,000.

In March, the professional and business services sector added 57,000 jobs; food services and drinking places sector added 30,000 jobs; health care sector added 19,000 jobs; and construction sector added 19,000 jobs. During the past year, construction employment has risen by 151,000.

The manufacturing, government, retail, transportation and warehousing, and financial activities sectors basically were unchanged.

There currently are 10.5 million unemployed people in the U.S.

Date : 4/4/2014


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