Unemployment Rate Drops to 7.6% as 88K Jobs Added in March
(WASHINGTON) — U.S. employers added just 88,000 jobs to their payrolls in March, marking the smallest gain in nine months, the Labor Department reported Friday morning.
Economists had expected to see between 185,000 and 200,000 jobs added last month. The dismal number will likely raise fears that the economy is beginning to cool after several strong months.
The unemployment rate, meanwhile, still managed to fall, decreasing from 7.7 percent to 7.6 percent.
On a brighter note, Friday’s report revealed that January and February’s figures were revised to show that 61,000 more jobs were added in those months.
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