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The U.S. job market is improving as new data indicated this week. A surge in hiring helped lower the unemployment rate to 8.8% the lowest it has been in two years. The economy gained 216,000 jobs last month beating analysts expectations of 180,000. Private companies have accounted for 1.8 million jobs created in a year.
Which industries are hiring? The leaders were:
- Professional Services = 78,000 jobs
- Health Care/ Social Services = 44,000 jobs
- Leisure and Hospitality = 37,000 jobs
Who’s still cutting?
- Public Sector = -14,000 in March
13.5 million People remain unemployed and the average length of unemployment is at a record 39 weeks
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