UPDATE: Unemployment Rate Falls To 8.8%, 2-Year Low - Newschannel 6 Now | Wichita Falls, TX

UPDATE: Unemployment Rate Falls To 8.8%, 2-Year Low

WASHINGTON (AP) — The unemployment rate fell to a two-year low of 8.8 percent in March and companies added workers at the fastest two-month pace since before the recession began.

The Labor Department says the economy added 216,000 new jobs last month, offsetting layoffs a local governments. Factories, retailers, education, health care and an array of professional and financial services expanded payrolls.

Private employers, the backbone of the economy, drove nearly all of the gains. They added 230,000 jobs last month, on top of 240,000 in February. It was the first time private hiring topped 200,000 in back-to-back months since 2006 — more than a year before the recession started.

The unemployment rate dipped from 8.9 percent in February to 8.8 percent in March. The rate has fallen a full percentage point over the last four months, the sharpest drop since 1983.

  • News HeadlinesNewsMore>>

  • No, Netflix is not adding commercials

    No, Netflix is not adding commercials

    Sunday, August 19 2018 4:34 PM EDT2018-08-19 20:34:55 GMT
    The entertainment streaming company wants to pay someone to watch Netflix all day. (Source: CNN)The entertainment streaming company wants to pay someone to watch Netflix all day. (Source: CNN)
    The entertainment streaming company wants to pay someone to watch Netflix all day. (Source: CNN)The entertainment streaming company wants to pay someone to watch Netflix all day. (Source: CNN)

    According to CNN, Netflix is only experimenting with video promotions between episodes. Viewers have the option to skip it.

    According to CNN, Netflix is only experimenting with video promotions between episodes. Viewers have the option to skip it.

  • Science Says: 'The warmer it is, the more fire we see'

    Science Says: 'The warmer it is, the more fire we see'

    Sunday, August 19 2018 11:27 AM EDT2018-08-19 15:27:02 GMT
    Sunday, August 19 2018 4:32 PM EDT2018-08-19 20:32:24 GMT
    (AP Photo/Noah Berger). FILE - In this Aug. 7, 2018 file photo, firefighters monitor a backfire while battling the Ranch Fire, part of the Mendocino Complex Fire near Ladoga, Calif. The years with the most acres burned by wildfires have some of the hot...(AP Photo/Noah Berger). FILE - In this Aug. 7, 2018 file photo, firefighters monitor a backfire while battling the Ranch Fire, part of the Mendocino Complex Fire near Ladoga, Calif. The years with the most acres burned by wildfires have some of the hot...

    An AP analysis finds a clear connection between warmer temperatures out west and more land burned by wildfires.

    An AP analysis finds a clear connection between warmer temperatures out west and more land burned by wildfires.

  • US says conserving oil is no longer an economic imperative

    US says conserving oil is no longer an economic imperative

    Sunday, August 19 2018 7:26 AM EDT2018-08-19 11:26:45 GMT
    Sunday, August 19 2018 4:32 PM EDT2018-08-19 20:32:18 GMT
    The Trump administration says conserving oil is no longer an economic imperative for the U.S. (Source: Pixabay)The Trump administration says conserving oil is no longer an economic imperative for the U.S. (Source: Pixabay)

    The Trump administration says conserving oil is no longer an economic imperative for the U.S.

    The Trump administration says conserving oil is no longer an economic imperative for the U.S.

Powered by Frankly