News24

US unemployment drops to 8.2%

2012-04-06 15:55

Washington - US unemployment dropped unexpectedly to 8.2% in March, the lowest rate in more than three years, despite a mixed picture on new hiring and weakness in the retail sector.

The economy created 120 000 new jobs last month, much lower than the 200 000 forecast, but the rate ticked down from the 8.3% recorded in February.