Unemployment remains stable in March, says Dept. of Labor
The unemployment rate in the U.S. remained stable at 9.7 percent in March as nonfarm employment increased by 162,000 throughout the month, the largest increase in employment seen by the DOL in three years.
In total, the total number of unemployed persons in the country remained stable at 15 million people, the same figure seen in February.
The employment increase was driven primarily by 48,000 new temporary jobs created by the Census bureau, an increase in 27,000 jobs in the healthcare industry, and a 16,000 gains in ambulatory health care services.
“Recent economic data have really turned more positive, of course with the exception of housing and commercial construction markets,” said Ellen Hughes-Cromwick, Ford Motor Co.’s chief economist, according to Bloomberg.
Despite the positive figures, the number of long-term unemployed – or those who have been jobless for 27 weeks or more – increased by 414,000 in March to 6.5 million, or 44.1 percent of the unemployed persons in the country.