(Worthy News) – The economy created 103,000 new payroll jobs in March and the unemployment rate held steady at 4.1 percent, the Bureau of Labor Statistics reported Friday morning.
Job growth fell shy of forecasters’ expectations for about 175,000 new jobs.
The March slowdown in payroll growth, though, is likely attributable in part to winter weather, particularly in the northeast, slowing down commerce. Storms likely shaved around 60,000 payroll jobs from the month, according to figures from the Federal Reserve Bank of Chicago. [ Source: Washington Examiner (Read More…) ]
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