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April 3, 2010

US Economy lagging behind Expectations

Or is it?

POLITICS - According to the United States Labor Department employers added 162,000 jobs in March 2010, but the unemployment rate remained at 9.7% for the third straight month.

Economist were expecting growth of 190,000 jobs so it is below what they were hoping for, but its still the largest jump in job numbers in three years.

15 million Americans are still out of work, double what the unemployment numbers were before the recession hit while the Bush Administration was in power.

Manufacturers added 17,000 jobs.
Temporary help services added 40,000.
Health care added 37,000.
Leisure and Hospitality added 22,000.
U.S. Census hired 48,000.
Construction added 15,000.

Note these are preliminary numbers for March. These numbers will be adjusted upwards, so the 190,000 mark still might be reached its just that they haven't counted every job gain yet. For example January's job numbers were recently adjusted an extra +40,000.

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