WASHINGTON – Few people responded to the March jobs report with high-fives and cheers. But there may be reasons to applaud in the months ahead.
Hiring in March was close to the economic recovery's steady but hardly explosive monthly average of the past two years: 192,000 added jobs. The unemployment rate remained 6.7 percent for a second straight month, according to the government's report Friday.
That wasn't the blockbuster figure predicted by some economists, who figured hiring would take off in March after a winter when factory orders, home sales and auto buying were slowed by severe weather.