Good News Anticipated from New US Jobless Report

Posted April 6th, 2012 at 6:35 am (UTC-5)
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Economists are predicting U.S. employers added at least 200,000 more jobs in March when the the Labor Department releases its monthly unemployment report Friday.

The average forecast calls for 205,000 jobs added last month, with the unemployment rate holding steady at 8.3 percent. If the forecasts hold true, it would mark the fourth straight month the economy has added at least 200,000 jobs, and would be the first sustained period of its kind since 2000. The U.S. economy added 227,000 jobs in February.

Recent data suggest the nation's economy is continuing to recover from the 2008 recession. The Labor Department says the number of people seeking unemployment benefits last week fell to its lowest mark in four years, while consumer confidence in the economy is on the rise.