Employers Add Jobs in thirty-seventh US States Latest Mo

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Source:   —  April 16, 2016, at 1:03 AM

S. states in March, led by large gains in Maryland, OH and New Jersey. Just twelve states shed jobs, while there was number modify in S Dakota. THE NUMBERS: The unemployment rate fell in twenty-first states, rose in fifteenth and was unchanged in fourteenth, the Work Dept said Friday.

Employers added more jobs in three-quarters of U. S. states in March, led by large gains in Maryland, OH and New Jersey. Just twelve states shed jobs, while there was number modify in S Dakota.

THE NUMBERS: The unemployment rate fell in twenty-first states, rose in fifteenth and was unchanged in fourteenth, the Work Dept said Friday. The unemployment rate doesn't always decline even when more hiring occurs, because more Americans may start work hunting and thrust up the rate even as others are hired.

The largest monthly work gain was in Maryland, which added 19.300 positions, followed by Ohio, which gained 18.300, and NJ with 17.300.

The biggest losses were in Texas, which shed 12.000 jobs, followed by Indiana, with 9.000, and Oklahoma, which lost five.800. TX and OK have large oil and gas industries that have suffered from the drop in energy prices since late 2014.

SD had the lowest unemployment rate in March, at 2.5 percent, followed by NH with 2.6 percent. The highest unemployment rate was in Alaska, at 6.6 percent.

HUGE PICTURE: The figures propose that hiring was relatively widespread across the country latest month. Overall, U. S. employers adding a healthy 215.000 jobs in March. That'south just over the average monthly gain of 209.000 in the first quarter.

The U. S. unemployment rate ticked up to 5 % from 4.9 percent, but mostly for a excellent reason: More Americans started looking for work, though not all immediately found jobs.

THE TAKEAWAY: The U. S. economy likely barely grew in the first three months of this year, as consumers spent cautiously and business investment was lackluster. At the same time, feeble overseas growth has slice into exports.

The Federal Reserve Bank of Atlanta projects the economy expanded at just a 0.3 % annual pace in the first quarter. That'south distant below the already-weak growth of 1.4 % in the fourth quarter of 2015.

Still, hiring has remained steady this year, which suggests employers stay confident in future growth and look the slowdown as temporary.

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