Tradelines News

Get the latest news and updates on cross-border customs and international trade.

U.S. Job Growth at its Lowest Since December 2013

Posted April 03, 2015

Under Economic Issues

(Canadian Press)

The weakening U.S. economy spilled into the job market in March as employers added only 126,000 jobs – the fewest since December 2013 – snapping a streak of 12 straight months of gains above 200,000.

The Labor Department said Friday that the unemployment rate remained at 5.5%.

The economy has been squeezed so far this year by harsh weather, factory slowdowns and lackluster construction. The manufacturing, building and government sectors all shed workers last month. Factories cut 1,000, snapping a 19-month hiring streak. Construction jobs also fell by 1,000, the first drop in 15 months. Hiring at restaurants plunged from February. The mining and logging sector, which includes oil drilling, lost 11,000. Click here to read more.