Apr 6, 2013: The US Economy added a meager 95,000 new private sector jobs in March. The economy contracted partly due to budget cuts (sequester) of $85bn authorizing the government to enact across-the-board reductions signed into law on (Mar 1, 13) by President Obama.
The unemployment rate dropped to 7.6 percent, the seventh consecutive month below 8 percent with the private employment adding jobs for the last 37 months, creating 6.5 million jobs over that time.
The March report showed continued gains in professional and business services (+51,000), health care (+23,000) and construction (+18,000). But retail trade employment experienced a decline of 24,000 jobs after an average of 32,000 jobs added over the prior six months.
Set as Homepage
Arts & Entertainment
Business & Finance
Cry Uhuru
Education
Employment
Health & Services
Humor & Quotes
Leisure
News
People & Politics
Philanthropy
Real Estate
Resources
Romance
Sports
Subscriptions & Donations
Technology
Today in History & Uhuru ...
Uhuru Person of the Year
Video Feed
Uhuru-Review Survey
