KKTV - Economy - Headlines

Unemployment, Job Growth Down for March

By: AP & KKTV
By: AP & KKTV

U.S. employers added just 88,000 jobs in March, the fewest since the middle of last year and a sharp retreat after a period of strong hiring. The slowdown is a reminder that the job market's path back to health will be uneven.

The Labor Department says the unemployment rate dipped to 7.6 percent from 7.7 percent. While that is the lowest in four years, the rate fell only because more people stopped looking for work.

The weakness may signal that companies were worried last month about steep government spending cuts that began on March 1.

March's job gains were half the pace of the previous six months, when the economy added an average of 196,000 jobs a month. The drop raises fears that the economy could slow after a stronger winter.

If you or someone you know is looking for work right now in Southern Colorado, use this link for upcoming job fairs. KKTV is proud to partner with the Pikes Peak Workforce Center on April 18th for an event in the Springs! http://www.ppwfc.org/page.php?s=250


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