Saturday, April 3, 2010

U.S. economy adds 162,000 jobs

Unemployment rate unchanged

The U.S. economy added 162,000 jobs in March, the Labor Department reported today, marking only the second time in 27 months that jobs have been created.

The government's formula unemployment rate remained unchanged at 9.7% for the third straight month.

Economists who had forecast the jump in jobs noted that as many as 100,000 could reflect temporary hiring for the U.S. Census.

The total includes 48,000 temporary workers hired for the U.S. Census, the Associated Press reports. Private employers added 123,000 jobs, the most since May 2007.

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