- CNTV English - CCTV News

US employment jumps in March

04-02-2011 08:15 BJT

Watch Video

Play Video

US employment grew solidly for a second month in March, and the jobless rate hit a two-year low of 8.8 percent.

The figure underscores a decisive shift in the labor market that should help to underpin the recovery.Nonfarm payrolls rose 216-thousand in March, the largest increase since last May.

But the data is likely not strong enough to push the Federal Reserve off its ultra-easy monetary policy course.Another report shows factory activity grew strongly last month, although it backed off a nearly 7-year high hit in February.

It was still the 20th straight month of expansion.President Barack Obama says the positive jobs report means the US economy is showing real strength. But analysts caution against too much optimism. The economy has recovered only a fraction of the more than 8 million jobs lost in the recession.

Barack Obama, US President, said, "Nearly two years after one of the worst recessions in our history -- certainly the worst one in our lifetimes -- our economy is showing signs of real strength. Today we learned that we added, 230,000 private sector jobs last month and that's good news. That means more packages. Now, despite that good news, everybody here know that we have a lot more work to do."




Editor:Zhang Pengfei |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program