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Friday, April 5, 2013
Economy Added 88,000 Jobs In March, Unemployment Rate Drops To 7.6 Percent
According to the latest data from the Bureau of Labor Statistics, 88,000 jobs were created last month, and the unemployment rate ticked down to 7.6 percent largely because the participation rate dropped. Analysts had expected 190,000 jobs.
The private sector added 95,000 jobs, while the public sector contracted again, losing another 7,000 jobs.
The February job numbers were revised from 236,000 to 268,000, while January’s numbers were revised from 119,000 to 148,000.