Skip to content

U.S. Unemployment Fell to 8.2% in March

April 6, 2012

The U.S. unemployment rate in March fell to 8.2% from 8.3%, mainly because more people dropped out of the labor force.

The economy , meanwhile, added 120,000 jobs in March, marking the smallest increase in five months, the government reported Friday. The number of jobs created last month fell well below expectations and failed to break the 200,000 level for the first time since December. Employment in March was hurt in part by a 34,000 decline in retail jobs.

The average workweek fell 0.1 hour to 34.5, while average hourly earnings rose 0.2% to $23.39.

Employment gains for January and February were little changed under Labor Department revisions.

Advertisements
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: