March sees only 98K new jobs, but jobless rate falls to 4.5 percent

by
April 7, 2017

jobs (1)
The economy added only 98,000 jobs in March, well below expectations, though the unemployment rate dropped to its lowest rate since May 2007, before the recession started.

The jobless rate last month fell from 4.7 percent to 4.5 percent because 472,000 more Americans found jobs last month, the Labor Department said Friday.

The year’s jobs growth had started strong — bolstered by warmer-than-normal weather — and an unexpectedly chilly March likely weighed on construction, which added only 6,000 jobs after growing by 59,000 in February.

“Job growth this year is running close to last year’s pace and is running well ahead of what is needed to keep up with labor force growth,” said Gus Faucher, chief economist at PNC Financial Services.

3 Comments - what are your thoughts?

  • bobnstuff says:

    Last year we gained 215,000 in March and this year we gain 98,000. I guess we should get use to this since we have no real plans for creating new jobs. I would blame Trump just like everyone blamed Obama when things didn’t go as we would have hoped but in fact Congress is more at blame, no jobs bills, nothing that would grow our economy. With no real leadership from the Republican party we shouldn’t expect much. You can’t make America Great on these numbers. Maybe a nice war will do it. Nothing like a war to stimulate the economy.

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    2. Lucilleffaulk says:

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