Friday, April 06, 2012
Hiring slowed in March due to uncertainty about the economy's growth, but the unemployment rate dipped as more Americans stopped looking for work.
The Labor Department says the economy added 120,000 jobs in March, down from more than 200,000 in each of the previous three months.
The unemployment rate fell to 8.2 percent, the lowest since January 2009. But the rate dropped because fewer people searched for jobs. The official unemployment tally only includes those seeking work.
Slower job growth could threaten a recent rise in consumer confidence and dent investors' enthusiasm for stocks. It also could prove a setback for President Barack Obama's re-election hopes.
Read more at OregonLive.com.