Editor’s note: Weekly Wrap is taking a week off. It will return next Friday.
U.S. job growth in March was somewhat lower than predicted as employers added 192,000 jobs during the month.
The unemployment rate remained at 6.7 percent due largely to the half-million workers who rejoined the labor force.
The March report from the U.S. Bureau of Labor Statistics also upped the initial numbers for January and February, adding 37,000 more jobs. With the revisions, monthly job growth during the first quarter of the year averaged 177,700 new jobs versus 206,000 for the first quarter last year. Read more…