WHILE JOB GROWTH SLOWED for the month of March, with the market adding only 121,000 private-sector jobs, the unemployment rate fell to 8.2%, according to the U.S. Department of Labor.
“We’ve added nearly half a million manufacturing jobs since February 2010,” says Secretary of Labor Hilda L. Solis. “We cannot rest on our laurels and expect to coast our way back to prosperity.”
The figures from the Bureau of Labor Statistics show little change from January to February, with 3.6 million job openings, a hires rate of 3.3% and a separations rate of 3.1%. Compared with the 4.3 million job openings when the recession began in December 2007, the current rate has increased 46% since the end of the recession in June 2009.