Jobs Report March 2011:Unemployment rate dips to 8.8%, economy adds 216K new jobs

The unemployment rate fell to a two-year low of 8.8 percent in March and companies added workers at the fastest two-month pace since before the recession began.

The Labor Department says the economy added 216,000 new jobs last month, offsetting layoffs a local governments. Factories, retailers, education, health care and an array of professional and financial services expanded payrolls.

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Source: NYDailyNews.com