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The economy showed signs of finally getting out of a winter funk that began in December. Employers added 192,000 jobs in the U.S., although the unemployment rate stayed at 6.7 percent.
Numbers for January and February were also adjusted up, with January’s job growth climbing to 144,000. February’s growth climbed to 197,000. That means that the winter may not have had the harsh effect on the economy that many had suspected.
Despite the good news, The New York Times notes that economists were hoping that March’s numbers would be even better. Some hoped for as much as 200,000 jobs added and the unemployment rate dropping by 0.1 percent.
Weather still may have affected job growth in March, which means we won’t see a jobs report not affected by Mother Nature until April’s report in May. Higher interest rates and lower production may also have hurt job growth in recent months.