Finally some good news on the unemployment front: jobless rate for March dropped to 8.8%, compared to February’s rate of 8.9%, according to the Bureau of Labor Statistics. A whopping 216,000 jobs were added to the economy, compared to the 194,000 jobs that were created in February. The last time we saw a jobless rate this low was March 2009. Currently, 13.5 million people are out of work – not something to smile about.
Among the industries that created the most jobs, health care tops the list with the addition of 37,000 jobs, followed by leisure and hospitality also creating 37,000 jobs and an increase of 17,000 jobs in the manufacturing sector.