The New York Times
Fri, April 01, 2011 -- 8:37 AM ET
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U.S. Added 216,000 Jobs in March; Unemployment Rate at 8.8%
The United States economy added 216,000 jobs in March, as the
nation continues a modest recovery.
The unemployment rate last month was 8.8 percent, down
slightly from 8.9 percent in February. Overall, the number of
jobs created last month was greater than the forecast of
193,000.
Friday's number follows the decline in the weekly
unemployment claims, which have fallen steadily, from the
mid-400,000s to the neighborhood of 385,000. In almost any
other context, the latter would be a grim number indeed. But
in this slowest and most sluggish of recoveries, it is a sign
of somewhat fewer layoffs.
Still, threats to a more robust recovery remain, including a
surge in energy and food prices, with the possibility of
disruptions in oil production in the Middle East continuing
to weigh on the financial markets. State and local
governments have also been shedding jobs as they grapple with
budget woes.
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