308,000 new jobs were added in March, the Labor Department reported Friday, surpassing the average forecasts of 123,000 new jobs by economists, according to Briefing.com. 46,000 jobs were created in February.

The unemployment rate inched up to 5.7 percent in March, from 5.6 percent in February, when economists had expected it to hold steady. The positive job annoucement has lifted the stock market, unsurprisingly when traders cheer the long-awaiting good news despite the slight increase in unemployment rate.

By: DocMemory
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