Jobs Report Gives Yellen Only Half of What Fed Chair Wants
- Improving economy prompting more people to look for work
- Growth not strong enough to provide sufficient full-time jobs
Not Back to Normal but U.S. Labor Market Shows Resilience
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A slowly improving economy is pulling discouraged Americans into the workforce, although some are having to settle for part-time jobs for now.
That’s the message from the March employment report issued by the Labor Department Friday in Washington. Payrolls grew by 215,000 workers last month following a gain of 245,000 in February, according to employers the government surveyed. The separate poll of households showed the jobless rate ticked up to 5 percent from 4.9 percent as people streamed into the labor force looking for work, and not all were successful.