Department of Labor: unemployment down in March
The Bureau of Labor Statistics released the March jobs report this morning and the news was a bit better than expected, with 216,000 new jobs created during the month and a drop of .1 percent in the unemployment rate. There was no drop in labor force participation, which indicates that this is a real drop in unemployment rather than a fake one.
Jul 31, 20201M Shares13.9M Views
The Bureau of Labor Statistics released the March jobs reportthis morning and the news was a bit better than expected, with 216,000 new jobs created during the month and a drop of .1 percent in the unemployment rate.
There was no drop in labor force participation, which indicates that this is a real drop in unemployment rather than a fake one. The consensus expectation was for 205,000 new jobs, so this figure beats the predictions by a small margin.
Paolo Reyna
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Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
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