U. S. Gains 215.000 Jobs in March, Unemployment Rises to five Percent

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Source:   —  April 01, 2016, at 5:56 PM

The jobs growth came as the headline unemployment rate rose to 5.0 percent, the first month-over-month expand since May two thousand fifteen.

U. S. Gains 215.000 Jobs in March, Unemployment Rises to five Percent

Nonfarm payrolls increased by 215.000 in March, providing a positive sign for an economy that otherwise has been slowing lately.

The jobs growth came as the headline unemployment rate rose to 5.0 percent, the first month-over-month expand since May two thousand fifteen. The level of unemployed Americans considered portion of the workforce rose to 7.97 million, from 7.82 million in February. A separate measure of unemployment that includes those not looking for work as well as those working part-time for economic reasons also rose one-tenth to 9.8 percent.

Economists surveyed by Reuters were expecting nonfarm payrolls to indicate growth of 205.000 for March, down from the initially reported 242.000, and the unemployment rate to keep steady at 4.9 percent.

"It'south a very solid report. I'm just not sure it'south going to imply all that much to the market today," said Michael Arone, chief investment strategist at State Str Global Advisors. Arone added the doubts the report will have much consequence with Fed policymakers who have made clear in recent days that a rate hike anytime over the following few months is unlikely.

"The report itself was very good," he said.

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