U.S. Unemployment Rate Unchanged at 6.7%
The Bureau of Labor Statistics reports the unemployment rate remained steady at 6.7%, unchanged from February, and that more than 190,000 new jobs were added in March, just under economists’ predictions of 200,000
The economy added 192,000 new jobs in March, according to the Bureau of Labor Statistics, showing signs of slight growth. The unemployment rate did not change from the 6.7% unemployment rate reported in February.
The 192,000 jobs added were slightly less than the 200,000 jobs economists estimated the economy would have in March, showing the impact of the weather as a severe winter crept into spring. Payroll processer ADP estimated on Wednesday that the private sector added 191,000 jobs in March, slightly above the 12-month national average. Other estimates had predicted as many as 275,000 jobs added last month.
The February jobs numbers were revised on Friday to show that 197,000 jobs were added in the month, up from the 175,000 originally reported. Employment gains in both February and January were about 37,000 more than previously reported.