U.S. unemployment rate at 7.6 percent in March, only adds 88,000 jobs

USPA News - The United States unemployment rate slightly decreased to 7.6 percent for the month of March, the U.S. Labor Department stated on Friday. According to the March 2013 Employment Situation report which was released on Friday, 88,000 jobs were added in March, as the 7.6 percent jobless rate marked the country`s seventh consecutive month below the 8 percent marker.

The 88,000 new jobs were much lower than those created in February, when the U.S. economy added 268,000. While the employment growth had averaged 169,000 per month over the last 12 months. Acting Secretary of Labor Seth D. Harris said the number show an economy that "continues to bounce back," but noted that "not quickly enough for too many middle-class families." "Private employment has now increased for each of the last 37 months, with 6.5 million jobs created over that time. So while we have come a long way in just a few years` time, the economy is not yet clicking on all cylinders," Harris said.