Numbers released by the U.S Department of Labor report that 215,000 jobs were created in March with unemployment currently sitting at 5%, up a tick from 4.9% last month.
“The remarkable U.S. recovery continues, as total nonfarm employment increased by 215,000 in March.” said Labor Secretary Thomas Perez “Beginning just a year after President Obama inherited the worst economic crisis in generations, businesses have been adding jobs at an extended, record-setting clip: a total of 14.4 million jobs over the last 73 consecutive months of private-sector job growth. The March unemployment rate was little changed at 5.0 percent. The labor force participation rate and employment-population ratio are trending up, reaching two-year and seven-year highs respectively.
While Perez acknowledged that manufacturing numbers were still down, he was bullish regarding the outlook for the rest of the year, the evolving numbers around the Affordable Care Act, and Perez continued advocating for raising the minimum wage.
Here in Florida the unemployment rate remained at 4.9% and in Orlando even lower at 4.4%.