Labor Estimate Shows U.S. Payrolls Revised Up in Year to March
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The Labor Department’s preliminary estimate of employment in the year ended March 2013 was revised up by 345,000 workers, reflecting the addition of employees who weren’t previously counted in the monthly payrolls report.
Current estimates show 2.03 million jobs were added in the 12-month period. A reclassification of workers into another category of establishments inflated the estimate by 469,000, the Labor Department’s preliminary projections showed today on its website.