The nation's unemployment rate edged down to 8.2 percent in March from 8.3 percent in February, but only 120,000 jobs were added to private and public payrolls the Bureau of Labor Statistics said this morning in a report that was less positive about the labor market's health than economists had expected.
Prior to the news, forecasters had predicted BLS would say about 200,000 jobs were added to payrolls last month.
Job seekers attend a career fair in New York City. Federal Reserve Chairman Ben Bernanke says the quick drop in unemployment might have been a reversal of overzealous cutbacks during the financial crisis.
The monthly employment report Friday could help answer a key question about the economy: Will the recently strong job growth slow once employers finish replacing the people they fired during the depths of the recession?
Jobs at U.S. businesses increased by 209,000 in March, according to a report released Wednesday by the payroll processing firm ADP. That's in line with expectations for the monthly jobs report due out Friday.
Analysts expect Friday's official employment report from the Labor Department to show that employers added 215,000 in March and that the unemployment rate remained at 8.3 percent, according to Bloomberg News.
On the plus side, the ADP National Employment Report issued this morning estimates there were 209,000 jobs added to private employers' payrolls in March. And ADP's data often are something of a predictor for what the Bureau of Labor Statistics will have to say when it issues its monthly numbers. Those March figures are due on Friday at 8:30 a.m. ET.
It used to be when you applied for a job, employers checked your references and reviewed your experience and called you in if they liked what they found.
Will 2,100 aerospace workers find other jobs in Wichita once Boeing closes its plant next year?
Thursday at 11:40 a.m. on Up to Date: Steve Kraske talks with Wichita Mayor Carl Brewer about Wednesday's big news that Boeing is pulling out of city after nearly 85 years.
In this episode of Central Standard, we ask if all IT jobs are handsomely paid and future-proof.
Let's take a look at some common myths and important realities of the IT industry with the Computer Guys. Plus, we'll hear from local IT recruiters about where growth is happening here in Kansas City.
Kansas City, MO – About 4,800 young people whose families are on public assistance will get jobs throughout Missouri this summer. Governor Jay Nixon and Congressman Emanuel Cleaver kicked off a federally-funded jobs program this afternoon, while fresh concrete was laid in front of a house for a walkway.
Kansas City, Mo. – Another 1,000 Missouri state employees are going to lose their jobs in the coming weeks. Governor Jay Nixon spoke of the cuts as he met with UMKC faculty and students.