yup, in 2 months we have added a net of....*scribble scribble*...*tap tap tap Cha-Ching!!!*...140k jobs....yeaaa baby!!!!!!!!!
* APRIL 1, 2011, 9:20 A.M. ET
Jobs Report Signals Improving Economy
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The private sector has been adding jobs for about a year, though the pace hasn't been enough to return the unemployment rate close to prerecession levels. The Fed forecasts it will take another three years before the unemployment rate reaches the 5%-to-6% range.
The March breakdown showed continued gains in manufacturing, which added 17,000 jobs. In the services sector, education and health, leisure and hospitality showed gains. Employment in the battered construction sector was flat after adding 37,000 jobs in February.
Total government employment, meantime, fell by 14,000 as local governments, struggling with budget shortfalls, trimmed payrolls.
In a sign of the challenges still faced by the labor market, the report showed 45.5% of unemployed Americans, or 6.1 million people, were out of work for more than six months in March, up from 43.9% in February. The longer someone is without a job, the harder it is to find work.
Average hourly earnings of all employees were unchanged at $22.87. Over the past year, earnings have increased by 1.7%. Higher income helps support consumer spending, which has strengthened recently, but remains weak compared with previous recoveries.
Meanwhile, the average workweek for all employees on private payrolls was unchanged at 34.3 hours in March.
http://online.wsj.com/article/SB100...36373168364868.html?mod=WSJ_hp_LEFTTopStories
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