Friday's jobs report was another good one, with the private sector adding 230,000 jobs in March and the unemployment rate ticking down to 8.8 percent. Since we added 240,000 private-sector jobs in February, this meant we had consecutive months with 200,000-plus new jobs for the first time since 2006. Private businesses have created more than a million jobs over the course of the past year.
Overall, the economy added 216,000 jobs in March, with government employment around the country dipping by 14,000 jobs. We had added just 194,000 jobs in February, so the trendline is in the right direction. The economy has now added jobs in each of six straight months.
One small factor beneath the headlines: In additional to all those people being hired, only 125,000 people lost their jobs during the month of March. That's the lowest that figure has been in two years.
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