Unemployment Rate Falls to 8.8 Pct, Two-year Low

8.8 »

Payrolls climb to 216000,

jobless rate 8.8%

April-01-2011--WASHINGTON - Nonfarm payrolls grew by a seasonally adjusted 216000 in March, their fastest pace since last May, the Labor Department said Friday, in an indication of an improving labor market.

According to the survey of 400,000 business establishments, private-sector payrolls increased by 230,000 jobs after rising by 240,000 in February, marking the first time that private-sector job gains have been over 200,000 for two straight months in five years.

Video: Unemployment Rate Falls to 8.8 Pct, Two-year Low

Unemployment Sinks to Two-Year Low

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