March job numbers show more people are working again
POSTED: Friday, April 6, 2012 - 8:00am
UPDATED: Friday, April 6, 2012 - 8:04am
NBC NATIONAL NEWS — We're expecting good news about the economy later this morning.
The March jobs report out today is expected to show more than 200,000 new jobs were created last month, continuing a trend we've seen for the last several months.
Even though we're seeing more jobs, the unemployment rate may not change, and experts say that's not necessarily a bad thing.
It means more people who had given up are jumping back in the job market.
Even though the unemployment rate may remain steady at 8.3%, today's Labor Department report is expected to show 203,000 new hires in March.
"If we're growing private sector jobs at a couple hundred thousand a month that's good. We need to do more," said House Majority Leader, Rep. Eric Cantor.
A third of employers added full time workers this year, the highest since the recession began.
"That's strong enough for people to feel better about the job market, the availability of employment, but not strong enough to start to raise wages," said University of Maryland Economist, Professor Peter Morici.
Experts expect most of the new jobs came from private companies while governments are still laying off, but not as much as before.
This week, the number of Americans seeking unemployment hit its lowest level four years as President Obama signed a new jobs bill that will help startup companies get more money and other businesses go public.
"That's a big deal because going public is a major step towards expanding and hiring more workers," said The President in the Rose Garden, Thursday.
Today we find out just how many more Americans received paychecks last month.
If the economy continues at this pace, it's likely the Federal Reserve may see no need to make policy changes to spur growth.
They meet again in June.