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Despite Slow Jobs Growth, Unemployment Now Lowest In Nearly Ten Years

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The number of jobs aren't increasing much, but unemployment is still falling. According to CBS News, the Labor Department reports employers pumped the brakes on hiring in March. Just 98,000 jobs were added--but still, the unemployment rate fell to 4.5 percent--the lowest in nearly a decade. Unseasonably warm weather in February is credited with creating new jobs in construction--but they froze up and blew away in March, when cold weather arrived once more. The retail sector also took a drubbing. It's been losing about 30,000 jobs a month for the past two months--the worst since 2009.

Added on the 07/04/2017 18:56:59 - Copyright : Wochit

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