The U.S. unemployment rate dropped to 4.5%, the lowest level since May 2007.
However, hiring slowed substantially in March, President Trump's second full month in office. America only added 98,000 jobs, according to the Labor Department.
It's a disappointment, given the U.S. added 219,000 jobs in February and averaged 187,000 new jobs a month last year. But economists are already calling it a one month "blip." It's common to see a weak month of hiring at some point during the winter. Most experts expect job growth to pick up again soon.
"We still believe the U.S. labor market is in a good place," says Sam Bullard, senior economist at Wells Fargo. "It will rebound."
Many other countries would love to have 4.5% unemployment. It's very low and shows the U.S. economy has mostly recovered to pre-crisis levels. In fact, it's at a level that most economists consider close to "full employment," when businesses find it hard to hire people.
Full Story: http://money.cnn.com/2017/04/07/news/economy/march-jobs-report/index.html
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