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U.S. Recoups 8.8 Million Jobs Lost During Economic Crisis
America added 192,000 jobs in March, bringing the total jobs created over the past four years to 8.9 million, thus surpassing the 8.8 million positions lost during the massive recession that began in 2007, the U.S.
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America added 192,000 jobs in March, bringing the total jobs created over the past four years to 8.9 million, thus surpassing the 8.8 million positions lost during the massive recession that began in 2007, the U.S. Dept. of Labor reports.
The department also upwardly adjusted its figures for January and February by a combined 37,000 jobs. Unemployment last month remained unchanged at 6.7% and compares with 7.5% in March 2013.
Economists note that the recovery has been fueled by the private sector. Some 535,000 government jobs have disappeared since 2007, The Wall Street Journal reports. The newspaper also points out that 7.4 million people are working only part time but would prefer full-time positions.
About 10.5 million Americas are unemployed, including 3.7 million that have been out of work for more than six months, according to the Labor Dept. It notes that only 63% of working-age adults actually have a job or are looking for one.
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