US Added Modest 103K Jobs in March; Unemployment Rate Stays at 4.1 Percent

(From ABC News)

U.S. employers added a modest 103,000 jobs in March after several months of robust gains, though the government’s overall jobs report suggests that the labor market remains fundamentally healthy.

The unemployment rate remained at 4.1 percent, a 17-year low, for a sixth straight month, the Labor Department said Friday. Average hourly pay ticked up, climbing 2.7 percent compared with a year earlier.

The government on Friday also revised down its estimate of job growth for January and February by a combined 50,000. Still, over the past six months, employers have added a healthy average of 211,000 jobs a month, evidence that hiring in the United States remains solid and the economy on solid footing in its ninth year of recovery from the Great Recession.

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