Labor Department released its March employment report Friday, which showed businesses added 192,000 jobs and the unemployment rate was unchanged at 6.7%.
What does this mean? What it doesn't mean is things are looking great (just yet). You need to understand that unemployment remains but the working-age population has grown by 15million since 2008. So 6.7% now is worse then 7% back in 2008.
The unemployment rate stayed at 6.7% despite a surge in job growth because there were about 500,000 more unemployed people looking for jobs. Better job prospects drew discouraged workers back into the hunt.
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