Payroll Growth Surprisingly Weak, Unemployment Rate Dips

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Payroll growth across the country was sluggish in March as employers created only 110,000 jobs, the smallest gain in eight months. Still, the labor market accommodated enough workers to drop the unemployment rate to 5.2 percent.


The surprisingly weak March jobs number was barely half the 220,000 that Wall Street economists had forecast.


The March unemployment rate, which is calculated from a separate survey, declined to 5.2 percent from 5.4 percent.


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