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U.S. Job Growth Slows in March

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Job growth in the United States went down in March with only 110,000 jobs added which is the lowest number since July.

The job market has been one of the slowest sectors of the economy to recover from the latest recession.

According to a BBC article,

“The University of Michigan’s closely-watched measure of consumer confidence dropped to 92.6 in March from 94.1 the previous month.

The slowing rate of job growth was the result of shrinking employment in both retail and manufacturing, while professional services and government employment grew much more slowly than in the month before.

The new figures also trimmed previous months’ job growth, with February dropping almost 20,000 from the 262,000 originally estimated.”

Some economists think that the job market’s poor perfomance comes from caution due to high energy prices.

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U.S. Job Growth Slows in March
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