Strong US jobsfigures announced for March

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Strong US jobsfigures announced for March

Strong US jobsfigures announced for March
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The latest US government data shows the country created jobs at a faster pace than expected in March.

A total of 211,000 new workers were hired as companies flush with profits expanded their business.

It mean that in the first quarter the US enjoyed its best start for employment of any year since 2000.

The Bureau of Labor Statistics said that the unemployment rate slipped back to 4.7%, matching January’s level, which was the lowest for four and a half years.

Not every sector recorded job growth in March.
Manufacturing employment fell by 5,000 following on from a drop of 10,000 in February. But overall hiring in the service sector grew by 202,000 last month.

The jobs figures are good news for the Bush administration, but according to a recent Washington Post-ABC News opinion poll, 59% of Americans rate their economy as “not so good” or “poor.”

Against that background, US finance minister John Snow is stepping down after three years in the job.
He will reportedly leave in the next couple of months.

The White House is said to be considering a number of Wall Street executives and former lawmakers as possible candidates to replace him.