Economy: 230,000 Jobs Added in March
Private employers, the backbone of the economy, drove nearly all of the gains last month, adding 230,000 new jobs. This comes on top of the 240,000 added in February and was the first time private hiring topped 200,000 in back-to-back months since 2006. There was good news about unemployment numbers too, as the unemployment rate dipped from 8.9 percent in February to 8.8 percent in March. The rate has fallen a full percentage point over the last four months, the sharpest drop since 1983. Charlie Herman, economics editor for The Takeaway and WNYC Radio, analyzes the news.
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!