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March job growth less than expectedPosted by RJ and Makay on Apr 06, 2012 |
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The U.S. economy added 120,000 non-farm payroll jobs in March and the unemployment rate ticked down to 8.2%, the Labor Department said today. The increase was less than the mean forecast by Bloomberg News Survey, which called for a 205,000 rise in job numbers. The private sector added 121,000 last month, compared to 233,000 in February. Government payrolls declined by 1,000.
U.S. home values dropped for the fifth month in a row to their lowest level since 2003, according to the S&P/Case-Shiller Index. The rolling three-month index, which is a composite of home prices in 20 U.S. cities, fell 0.8% in January. And over the past 12 months, prices have fallen 3.8% despite signs of an economic recovery. Of the twenty metropolitan areas in the index, only Miami, Phoenix and Washington D.C. saw increases.
The nation’s economy added 227,000 non-farm payroll jobs in February as the unemployment rate held steady at 8.3%, the U.S. Labor Department reported today. It marked the third consecutive month of job gains above 200,000. Job numbers for January and December were also better than previously reported, revised upward to 284,000 and 223,000 respectively.
