· The U.S. economy produced 211,000 new payroll jobs in March, well above consensus expectations.
· In the past 12 months 2.23 million new jobs have been created; since August 2003 over 5 million new jobs have been created. The U.S. economy has experienced 31 consecutive months of job growth.
· The unemployment rate edged downward from 4.8% to 4.7%. At 4.7%, the unemployment rate is below the average of the 1960s, 1970s, 1980s and 1990s.
· January payroll employment gains were revised downward from 170,000 to 154,000 new jobs. February payroll employment gains were revised downward from 243,000 to 225,000 new jobs.
Not much I can add. The numbers pretty much speak for themselves.
Damn those Bush tax cuts.
Data available here.