06 April 2012 14:56 [Source: ICIS news]
WASHINGTON (ICIS)--The ?xml:namespace>
The March net jobs growth of 120,000 also marks a decline from the average of 246,000 new jobs added in each of the previous three months, the department noted.
The narrow decline in the unemployment rate, from February’s 8.3% jobless rate to 8.2% in March, is attributed not to last month’s mediocre employment gain but rather to a reduction in the overall size of the US workforce as some people give up looking for work and drop out of the measured labour pool.
In its monthly report, the department said the March job gains were chiefly in the manufacturing sector, food services and health care.
There were employment losses in retail sales.
Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy
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