March jobs report sends mixed signals

The U.S. added more jobs than expected, but unemployment ticked up.

Transcript

00:00The March jobs report has been released and it revealed a bit of a mixed bag. The United States

00:04added 228,000 jobs last month according to the Bureau of Labor Statistics. That's almost double

00:10what was added in February and roughly 90,000 more than what was expected. However, the

00:14unemployment rate ticked up to 4.2 percent, a bit higher than the anticipated 4.1 percent.

00:20The health sector led the way in March with 54,000 jobs added. Both retail and social assistance

00:26added 24,000 jobs, while the transportation and housing sectors added 23,000. Federal government

00:32jobs decreased by just 4,000, but the BLS says that workers who have been furloughed or on

00:37severance count as employed. A new report from job placement firm Challenger Gray in Christmas

00:42revealed there have been more than 275,000 layoffs related to the Department of Government

00:47Efficiency. That'll do it for your daily briefing. From New York City, I'm Kelsey Barberio with The Street.