2.15 lakh new jobs created in US in March

Untitled-20The US economy added 215,000 jobs in March, a little less than it did in February when 242,000 jobs were created.

The unemployment rate has risen to 5% from 4.9%, which was an eight-year low.

The Labor Department said more Americans were finding jobs, which suggested a sign of confidence in the US economy.

The increase could allow a cautious Federal Reserve to raise interest rates gradually this year.

The US is continuing to create jobs, despite a global economic slowdown and cheap oil prices which have hit the energy sector.

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