Job Creation Craters, But Unemployment Rate Surprisingly Holds Steady At 5.5% Nonfarm Payroll Employment Increased By Just 126,000, Labor Participation Remains 62.7%

April 3, 2015 6:28 PM

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Job Creation Craters, But Unemployment Rate Surprisingly Holds Steady At 5.5% Nonfarm Payroll Employment Increased By Just 126,000, Labor Participation Remains 62.7%

The Labor Department reported Friday that U.S. job creation cratered in March adding just 126,000 to nonfarm payrolls, while unemployment remained at 5.5 percent. The labor force participation rate, employment-to-population ratio and wages, all barely moved from their abysmal readings.

The government also announced sharp downward revisions for the prior two months, suggesting the labor market had been stumbling far before economists initially expected.

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

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