Unemployment Rate Drops to 5-Month Low
By Jeannine Aversa, The Associated Press
Washington -- America's employers ramped up hiring in March, driving the unemployment rate down to a five-month low of 4.4 percent. It was a surprisingly strong performance in an economy that has otherwise shown signs of sluggishness recently.
The new snapshot, released by the Labor Department on Friday, also showed that companies boosted their payrolls by a strong 180,000 in March, the most since December. Workers' also saw their paychecks get bigger. The fresh figures suggested that companies are not feeling a need to dramatically clamp down on hiring in the face of the slower overall economic activity and the deep housing slump. (link)
A note: For how many years now have the "experts" in the media been predicting economic gloom approaching, but reporting economic prosperity continuing apace? More than I can remember.
A high-five is in order.