Solid jobs growth in March shows recovery is for real
The Labor Department said that non-farm payrolls added 216,000 jobs last month, inching above February's gain of 194,000. Manufacturing continued its five-month streak, adding 17,000 new jobs; retail added 18,000; the education and health care sectors added 45,000.
A rebound in tourism helped the leisure and hospitality industries add 37,000 new jobs.
The broad-based recovery created 78,000 new openings for professional and business services that include legal and accounting jobs.
The only sector showing continued losses was state and local government, where an ongoing budget squeeze forced jobs cuts that eliminated another 15,000 jobs.
The overall gains helped nudge the unemployment rate down to 8.8 percent from 8.9 percent in February. In just four months, the jobless rate has dropped by a full percentage point — further indication, say economists, that the recent momentum in hiring should continue.
Well that is certainly good news:D