Jobs Report Gives Yellen Only Half Of What Fed Chair Wants

Jobs Report Gives Yellen Only Half Of What Fed Chair Wants

Payrolls grew by 215,000 workers last month following a gain of 245,000 in February, according to employers the government surveyed. “A slowly improving economy is pulling discouraged Americans into the workforce, although some are having to settle for part-time jobs for now.” “Job growth in higher-paying industries would go a long way toward driving up wages.”

Nearly half of the March job growth, about 90,000 positions, occurred at retailers and leisure and hospitality businesses such as restaurants.

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