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216,000 Jobs Added In March, Unemployment Rate Falls to 8.8%

The unemployment rate fell to 8.8% in March, vs. the expectation for the rate to increase slightly to 9.0%.

That is the lowest unemployment rate reported by the Department of Labor since March of 2009.

Average hourly earnings and the average workweek were unchanged at $22.87, and 34.4 hours, respectively.

earnings, economy, employee, growth, jobless, jobs, labor department, payroll, salary, unemployment, work, worker

Job growth accelerated faster than expected in March, as payrolls increased 216,000, higher than the 192,000-job gain expected by economists.

By FNNO Staff
fnnonline@gmail.com

Labor Department Reported Payrolls Fell In 35 US States, NY With Most Job Cuts

New York led the country with 22,800 job cuts last month, followed by Minnesota with 22,400 firings, and Florida with 17,900 according to figures from the report.

West Virginia had the most increase joblessness, up 0.3%, followed by Colorado, Georgia and Nevada, up 0.2% each. Nevada also showed the highest jobless rate in the country at 14.5%.

Labor Department, payrolls, unemployment rate, jobless, labor market, work, hiring, job cuts, new york, ny, Minnesota, firing, florida, west virginia, colorado, georgia, nevada, state, usa

The Labor Department reported that payrolls decreased in 35 U.S. states while the unemployment rate rose in 20, showing that the labor market recovery is slow to gather momentum, according to a Bloomberg report.

By Stephanie Shyu
sshyu@fnno.com

Labor Department Reported Jobless Claims Fell 37,000 To 404,000

Published on Thu, 01/20/2011 - 11:03
By Stephanie Shyu in General Interest, finance, insurance, jobs, labor department, news, unemployment, work

Applications for jobless benefits fell 37,000 to 404,000 in the week ended January 15, which is the biggest decline since February of 2010. Economists had expected 420,000 claims.

Employers are retaining workers as the economy shows signs of strengthening. Growth may need to ramp up further in order to encourage companies to increase hiring, which would help to reduce the unemployment rate.

finance, insurance, jobs, labor department, news, unemployment, work

The Labor Department reported that the number of Americans filing first-time claims for unemployment insurance payments fell more than forecast last week, according to a Bloomberg report.

By Stephanie Shyu
sshyu@fnno.com

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