Entries in March (1)


Economy Adds 216,000 Jobs; Unemployment Rate at Two-Year Low

Jupiterimages/Thinkstock(WASHINGTON) -- The nation’s employers added 216,000 jobs during March, slightly better than the 185,000 economists expected, bringing the country’s unemployment rate down from 8.9 to 8.8 percent -- its lowest level since March 2009.

The private sector, factoring out government layoffs, saw 230,000 workers added to payrolls.

Austan Goolsbee, chairman of the White House Council of Economic Advisers, said that as long as millions are unemployed, considerable work remains.

"Nonetheless," he added, "the steep decline in the jobless rate and the solid employment growth in recent months are encouraging."

House Speaker John Boehner reacted to the report Friday, saying "any improvement in the jobs picture is welcome news for the country, but Washington needs to do more to end the uncertainty plaguing job creators."

“That means getting control of government spending, ending the threat of tax hikes, removing regulatory obstacles to job growth, and approving stalled trade agreements that would open new markets for American exports,” Boehner said.

Copyright 2011 ABC News Radio

ABC News Radio