Fall in Us Unemployment Rate Provides Boost for President

The HeraldApril 02, 2011

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Summary


THE US economy created 216,000 jobs in March - the largest increase since May - according to the latest non-farm payrolls data from the Labour Department, surprising Wall Street economists and providing some good news for the Obama administration.

The unemployment rate slipped to a two-year low of 8.8% from 8.9% in February. Private sector hires rose by 230,000.

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Fall in Us Unemployment Rate Provides Boost for President

Analysts were expecting an overall rise of 190,000 jobs with private sector jobs up by aroun...

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