U.S. Probably Created 386,000 More Jobs in Year to March 2012

The U.S. economy probably created more jobs than currently estimated in the year ended March 2012, the Labor Department said today in preliminary projections.

The number of jobs added to payrolls will probably be revised up by 386,000 from the current estimate of 1.94 million, the Labor Department said on its website.

The final annual benchmark revisions to payrolls will be issued with the January employment data that are released in February 2013. The Labor Department uses records from state jobless benefit tax records to benchmark its employment data.

To contact the reporter on this story: Alex Kowalski in Washington at akowalski13@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.