US adds 303,000 jobs in March, more than 212,000 estimates
Unemployment rate falls to 3.8% from 3.9%
By Ovunc Kutlu
ISTANBUL (AA) - The US economy added 303,000 jobs in March, much higher than market estimates, the Labor Department said on Friday.
The market expectation for nonfarm payrolls was to show a gain of 212,000 last month.
Job additions for February, on the other hand, were revised down by 5,000, from 275,000 to 270,000.
The unemployment rate, meanwhile, fell to 3.8% in March from 3.9% in February. The market estimate for the figure was to come in at 3.9%.
"Both the labor force participation rate, at 62.7 percent, and the employment-population ratio, at 60.3 percent, were little changed in March," the Labor Department said in a statement.
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