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Economy adds 103K jobs in March

The U.S. economy added 103,000 jobs in March.

The unemployment rate held at 4.1 percent for the sixth straight month, the lowest level since December 2000, when it was 3.9 percent, the Labor Department reported on Friday.

In March, average hourly earnings rose 8 cents to $26.82 and were up 2.7 percent for the year, which Furman called “decent.”

Job gains averaged 202,000 over the last three months down from a 242,000 average in previous estimates.

In March, manufacturers added 22,000, totaling 232,000 for the past year.

Employment in mining increased by 9,000 last month. Mining employment has risen by 78,000 since a low in October 2016.

Health care jobs, which have shown steady growth, added 22,000 jobs,

Retail employment fell by 4,000 and construction, which posted a robust 65,000 gain in February, lost 15,000 jobs last month.

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