Jobs Added in March

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In addition, the totals from January and February were revised down by a combined 38,000 jobs.

In March, the household survey showed that 472,000 more people found jobs. Manufacturing and construction show gains at 11,000 each.

Jobless: The number of new USA jobs dropped to 98,000 in March after reaching an impressive 235,000 in February. With modest job gains in March, the Federal Open Market Committee of the Federal Reserve that sets monetary policy needs to pause ahead of its proposed interest rate hike in June.

Construction jobs increased 6,000 after robust gains in January and February. So, is this report good news or bad news?

Nationally, Canada's unemployment rate ticked up slightly in March to 6.7 per cent, from 6.6 per cent, driven by a rise in the number of people looking for work.

But in a sign there is still slack in the economy, the hourly wages of permanent employees rose by just 0.9 percent from March 2016.

The monthly average for job creation over the previous six months dipped to 28,900 from 36,500 in February.

Concurrently, the number of people of working age not seeking employment was 21,500 last month, down by 1,300 from the year before.

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Unemployment rates differ by race and sex.

The world's largest economy has steadily pumped out jobs since mid-2016, with economists pointing to an increasingly tight labor market in which employers fear they may not be able to replace workers they let go.

That is the lowest such rate in over nine years.

The teenage jobless rate fell to 13.7 percent, the lowest level since May 2001.

Consumer and business sentiment has soared since the November presidential election, but the increased optimism hasn't yet accelerated growth. "Consumer spending is the cornerstone of the USA economy, and we know that so far this quarter, this number has been in a massive trouble".

Businesses have been ordering more high-cost manufactured good since fall, a reflection of stepped-up investment. The sharp 2 tenths declined in unemployed raised the issue of wage inflation which, has yet to materialize.

CNNMoney recently profiled an older blue-collar worker in Pennsylvania named Joe who had struggled for years to find a job after the Great Recession. That is the highest level for this metric since September 2008.

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