New York Times

Job Market Brightens as U.S. Payrolls Surge in March

After more than two years in which over 8 million jobs were lost, the country’s nonfarm payrolls surged in March.

Employers added 162,000 jobs last month, and employment numbers in the previous two months were revised upward. Nationwide, the unemployment rate held steady at 9.7 percent.

To many ordinary, out-of-work Americans, the recovery may finally start to feel real.

“The key message from this report is that we’ve finally turned the corner,” said Nigel Gault, chief United States economist at IHS Global Insight. “Going forward, we should expect things to strengthen further over the rest of the year.”

Speaking in Charlotte, N.C., President Obama called Friday’s report “the best news we’ve seen on the job front in more than two years.”

“The tough measures that we took, measures that were necessary even if sometimes they were unpopular, have broken this slide and are helping us to climb out of the recession,” President Obama said, adding a note of caution. “It will take time to achieve the strong and sustained job growth that we need.”

Nearly a third of the gains came from temporary hiring for the 2010 Census, which will continue over the next couple of months. The report was also complicated by a rebound from weather-related work stoppages in February.

But even setting aside these caveats, many Americans found work in March.

“Every major industry, except financial services and information, showed gains in employment,” John Ryding, chief economist at RDQ Economics, said. “From manufacturing, to construction, to retail, it really didn’t matter. They’re all hiring now.”

Private-sector job growth was biggest in health care and temporary help services. Since September 2009, temporary help services have added 313,000 jobs, including 40,000 last month. Health care, which grew steadily even during the depths of the recession, has added 588,000 jobs since the start of the downturn over two years ago, including 27,000 jobs in March.

Read more... http://www.nytimes.com/2010/04/03/business/economy/03jobs.html?hp

 

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Robert R. HendryRobert R. Hendry received both a Bachelor of Arts degree and a Juris Doctor degree from the University of Florida. Although he began his career in Pensacola, Florida, Mr. Hendry has practiced law in Orlando for more than thirty years.
Richard D. StonerRichard D. Stoner received a Bachelor of Arts degree from New York University and a Juris Doctor degree from Stetson University College of Law. He has practiced law in Orlando, Florida for more than twenty-five years.
G. Steven BrownG. Steven Brown is a 1975 graduate of the University of Central Florida, where he received a Bachelor of Science in Business Administration degree with a major in Accountancy.
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