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Economy Overview

United States

Report | United States Employment Update - April 2014


​The U.S. economy added 192,000 jobs in March, a reversal from three months of slowing growth. At the same time, revisions in previous months pushed up three-month growth to 533,000 jobs, in line with earlier in the recovery. Unemployment remained stable at 6.7 percent, however, as improved confidence increased the number of people looking for work. At the subsector level, growth was evenly distributed across industries, as no one subsector accounted for a majority of growth in March. Education, health, leisure, hospitality and retail trade remained dominant, as did professional and business services. That said, a lack of growth in information and financial activities pushed down the office-using sector's contribution to March's economic expansion. Still, the improvements seen in most subsectors are encouraging and are likely to build momentum heading into the rest of 2014, when the recovery is likely to continue to pick up steam.

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