US creates 215,000 jobs in March

April 1, 2016 1:39 pm Published by

US creates 215,000 jobs in March

  • 1 April 2016
  • From the section Business

New York street

The US economy added 215,000 jobs in March, a little less than it did in February when 242,000 jobs were created.

The unemployment rate has risen to 5% from 4.9%, which was an eight-year low.

The Labor Department said more Americans were finding jobs, which suggested a sign of confidence in the US economy.

The increase could allow a cautious Federal Reserve to raise interest rates gradually this year.

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