Economic Recovery Continues; 201,000 Jobs Added In March
Private sector jobs were added and layoffs fell in March, continuing the economic recovery.
“Basically the number was very much in line with expectations and shows that the labor recovery continues at a reasonable pace,” said David Katz, chief investment officer at Matrix Asset Advisors in New York…
Overall, 130,749 job cuts were announced in the first three months of the year, marking the lowest rate of downsizing since 1995.
The highest level of job reductions this year has been seen in the government sector, the report noted. Losses are expected to grow as cash-strapped state and local governments deal with budget problems.
A more comprehensive labor report comes out Friday.Click here for reuse options!
Copyright 2011 Liberaland