Payrolls See Largest Gain Since March 2007
April 2, 2010 - For the first time since March 2007, payrolls saw its largest gain with employers by adding 162,000 jobs last month. Though the unemployment rate continues to remain stubbornly high at 9.7%, U.S. non-farm payrolls is really the more crucial determinant of the economy's health.
February's payrolls were adjusted to just a 14,000 loss, opposed to the previously recorded 36,000.
March's payroll gain was spread across a variety of areas, with 60% of industries adding jobs. Last month's industries gains were the most widespread in nearly four years.
Additionally, construction added 15,000 jobs, while manufacturing added 17,000 for the month. Retailers and the hospitality sector also saw large gains.
After putting employment at the forefront of concerns, this rebound in payrolls may help to ease some of the pressures placed on President Obama.