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U.S. Hiring Slows in March as Employers Add Just 120K Jobs, Unemployment Rate Dips to 8.2%

Associated Press (04/06/12)

The U.S. economy added 120,000 jobs in March, marking the smallest increase in five months, the government reported this morning. The number of jobs created last month fell well below expectations and failed to break the 200,000 level for the first time since December. The unemployment rate dipped to 8.2%, but mostly because more Americans stopped looking for work. Though the economy has added 858,000 jobs since December—the best four months of hiring in two years—the mixed report was a disappointment after three months of solid job growth.