Hope but No Change: Unemployment Remains at 9.7%

Though employers added 162,000 jobs in March, which was the most in 3 years, 48,000 of those were temporary Census jobs.  And for the 3rd straight month, unemployment remains at 9.7%.  Wasn’t the Stimulus supposed to prevent all of this?  From the AP via Yahoo! Finance:

The nation’s economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month.The increase in payrolls is the latest sign that the economic recovery is gaining momentum and healing in the job market is beginning. Still, the healing is likely to be slow, and most economists don’t expect new hiring to be fast enough this year to rapidly reduce the unemployment rate.

The Labor Department said employers added 162,000 jobs in March, the most since the recession began but below analysts’ expectations of 190,000. The total includes 48,000 temporary workers hired for the U.S. Census, also fewer than many economists forecast.

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