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U.S. Employment Rises Less Than Expected In March

U.S. employment saw continued growth in the month of March, according to a report released by the Labor Department on Friday, although the pace of job growth came in well below economist estimates.

The report showed that non-farm payroll employment increased by 120,000 jobs in March following an upwardly revised increase of 240,000 jobs in February. Economists had expected the addition of about 201,000 jobs compared to the increase of 227,000 jobs that had been reported for the previous month.

Despite the weaker than expected job growth, the unemployment rate unexpectedly edged down to 8.2 percent in March from 8.3 percent in February.

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May 29 at 7:33 UTC