The rate was previously at 8.9% in February, continuing a four-month decline, according to Department of Labor statistics released today. The positive numbers were a result of the 291,000 jobs gained in a household survey of employment.
“After a long winter, the U.S. labour market is showing real signs of a spring thaw,” said James Marple, senior economist with TD Economics, in written comment on the latest results. “This is the strongest signal yet that the U.S. recovery has seen to date.”
Marple said that as long as the job market continues to improve, the condition of the bottomed housing market should follow upwards.
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