WASHINGTON (AP) — The unemployment rate fell to a two-year low of 8.8 percent in March, capping the strongest two months of hiring since before the recession began.
The economy added 216,000 jobs last month, the Labor Department said Friday. Factories, retailers, the education and health care sectors and professional and financial services all expanded payrolls. Those job gains offset layoffs by local governments.
Another month of brisk hiring provided the latest sign that the economy is strengthening nearly two years after the recession ended.