Friday, April 4, 2014

Payrolls Increase 192,000

++The Labor Department released its March numbers. The economy added 192,000--roughly equivalent to the ADP numbers. The revised numbers for January and February added 37,000 jobs. But unemployment remained at 6.7%.

++The unemployment rates varied by groups. Whites at 5.8%,blacks 12.4%, Hispanics at 7.9%,Asians at 5.4% and teenagers at 20.9%. 

++The Federal government lost another 9,000 jobs but these were offset by state governments hiring 8,000. 

++This is the first recovery in history where government lost jobs--some 800,000 due to budget cuts and attrition.

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