02 Apr 2004 Economy Adds Jobs!
Posted at 16:49h in The Friday BriefThe U.S. economy added 308,000 jobs in March, almost three times economists’ expectations and the largest gain since April 2000. Treasury Secretary John Snow said “strength is apparent across the board, including strong job growth in construction, retail, and business services.” The increase follows gains that were revised upward to 46,000 for February and 159,000 for January. Manufacturing may soon be joining the party as this was the first month without a decline since August 2000. The Unemployment rate rose to 5.7% from 5.6% as more people returned to the labor force to seek jobs.