Subpar job growth may make Fed reluctant to raise rates

April 3, 2015 11:44 PM

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WASHINGTON (AP) — U.S. employers added only 126,000 jobs in March — the fewest since December 2013 — but some of the weakness may prove temporary: The unseasonably cold month followed a brutal winter that slowed key sectors of the economy.

Economists also noted that for months hiring had been stronger than other gauges of the economy, suggesting that a pullback in job gains was inevitable. The Labor Department said Friday that the unemployment rate remained at 5.5 percent.

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