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U.S. Adds Fewer Jobs Than Expected, Unemployment Holds at 17-Year Low

(Akin Oyedele – Business Insider)

The US economy added 103,000 nonfarm payrolls in March, its fewest in six months, according to the jobs report released by the Bureau of Labor Statistics on Friday. The unemployment rate held at 4.1%, its lowest level since December 2000.

The number of jobs added in March was sharply down from the upwardly revised 326,000 for February. Still, job growth in the first quarter of 2018 was stronger than it was in the same quarter last year, suggesting that many working-age people on the sidelines, such as stay-at-home parents, have begun looking for and finding jobs. The so-called U-6 unemployment rate, which includes discouraged workers and people working part-time jobs who would prefer full-time work, fell to an 11-year low of 8%.

Economists had forecast that employers added 185,000 payrolls last month, according to Bloomberg. Click here to read more.

Related: Canadian Job Growth Tops Forecasts as Full-Time Hiring Jumps (Reuters)