Jobs recovery suffers setback in March

Employment seeking American University students line up waiting to talk to job recruiters during a career job fair at American University in WashingtonWASHINGTON (Reuters) - Employers hired far fewer workers in March than in previous months, keeping the door open for the Federal Reserve to provide more monetary support for a still sluggish economy. The report was seized upon by Republicans hoping to make the weak economy the centerpiece of their campaign for November’s presidential and congressional elections. Even as the unemployment rate fell to a three-year low of 8.2 percent, job growth slowed to 120,000 last month, the Labor Department said on Friday, the smallest increase since October. …

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