The U.S. Bureau of Labor reported Friday that 192,000 jobs were filled this past March, contributing to the steady increase of available work seen during the first quarter of 2014.
This fell short of the 200,000 job increase Wall Street desired, but was consistent with the steady month-to-month growth in the workforce over the last year.
The Labor Department also stated that the number of Americans looking for work increased slightly, and that the unemployment rate remained stagnant at 6.7 percent due to an increase of 500,000 people in the labor force – the unemployment rate would have otherwise fallen 0.2 percent.
Joseph Seneca, University Professor at the Edward J. Bloustein School of Planning and Policy at Rutgers University, believes the U.S. can expect another solid year of job growth ahead. "The national economy is still on pace to add over 2.1 million jobs in 2014 despite the severe winter storms much of the nation faced this past season," Seneca said.
Industries that experienced significant job increases in March include: professional business services, which added 29,000 temporary staffing positions; 6,000 jobs in computer systems design; 5,000 architectural and engineering positions; health care services, which added 20,000 ambulatory services positions and 9,000 jobs in home health care; and the mining and logging industry, which has averaged 3,000 job additions per month over the past year, added 7,000 jobs in March.
Significant losses occurred in nursing care facilities – 5,000 jobs – and the federal government, where employment has fallen by 85,000 jobs over the past year.
10.5 million Americans are still unemployed five years into the nation's economic recovery, including those who are actively seeking work.
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