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U.S. payrolls grew by a surprising 308,000 in March, the largest gain since April 2000, the Labor Department estimated Friday.The unemployment rate nudged a tenth of a percent higher to 5.7 percent, base
stanley website d on a separate survey of U.S. households. That occurred because more job seekers renewed their searches last month, but were unsuccessful.The gain in payrolls far exceeded the 122,000 expected by economists surveyed by CBS MarketWatch. Economists had been waiting in vain for months for hiring to pick up to match the explosive growth in U.S. gross domestic product over the past nine months. I m not saying the labor markets are back where they need to be, but this latest job advance together with the positive revisions are making this look like a normal recovery, said economist Ken Mayland, president of ClearView Economics.At the White House, President Bush flashed a thumbs up when asked about the new jobs numbers, CBS News White House Correspondent Mark Knoller reports
stanley cup . Economists said several technical factors would likely boost payrolls in March, including the end of the grocery strike and the return to more seasonable weather.Payroll growth in previous months was also revised higher, by a total of 86,000 jobs. January s gain was revised from 97,000 to 159,000 while February s was revised to 46,000 from 21,000.Over the past eight months, payrolls have grown by 759,000, about 95,000 a month. The economy needs to create a
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