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Job Market Brightens as U.S. Payrolls Surge in March
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| Contributor | RP |
| Last Edited | RP Apr 02, 2010 12:28pm |
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| Category | Report |
| Author | CATHERINE RAMPELL and JAVIER C. HERNANDEZ |
| Media | Newspaper - New York Times |
| News Date | Friday, April 2, 2010 06:00:00 PM UTC0:0 |
| Description | After more than two years in which more than 8 million jobs were lost, the country’s nonfarm payrolls surged in March.
Employers added 162,000 jobs last month, and employment numbers in the previous two months were revised upward. Nationwide, the unemployment rate held steady at 9.7 percent.
To many ordinary, out-of-work Americans, the recovery may finally start to feel real.
“The key message from this report is that we’ve finally turned the corner,” said Nigel Gault, chief United States economist at IHS Global Insight. “Going forward, we should expect things to strengthen further over the rest of the year.”
“Every major industry, except financial services and information, showed gains in employment,” John Ryding, chief economist at RDQ Economics, said. “From manufacturing, to construction, to retail, it really didn’t matter. They’re all hiring now |
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