September 20, 2014
WASHINGTON (AP) - 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.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.