More Jobs in March Signals Economic Rebound

By: Associated Press
By: Associated Press
Unemployment rate remains unchanged

After a winter slowdown, the job market hit a milestone in March as the private sector finally recovered all the jobs lost in the 2008 financial crisis.

U.S. employers added jobs at a solid pace in March in the latest sign that the economy is rebounding from a weak stretch brought on by a harsh winter.

The Labor Department says employers added 192,000 jobs, slightly below February's total of 197,000. Employers also added a combined 37,000 more jobs in February and January than previously estimated.

The unemployment rate was unchanged at 6.7 percent. But a half-million Americans started looking for work last month, and most of them found jobs. The increase in job-seekers is a sign that they are more optimistic about their prospects.

March's job gain nearly matches last year's average monthly total, suggesting that the job market has mostly recovered from the previous months' severe winter weather.


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