THE prospects for US job seekers improved last month, which suggests the world’s biggest economy could be on course for better times.
US employment expanded solidly last month and the unemployment rate remained at a three-year low.
US non-farm employers added 227,000 jobs to payrolls last month, the third straight month in which gains were above 200,000, the Labour Department said yes-terday.
The unemployment rate held steady at 8.3 per cent.
A surge in employment, as measured by the Labour Department’s household survey, was offset by more workers entering the workforce.
This suggests some discouraged workers might be starting to look for jobs again as the labour market becomes more positive.
In February, factories added 31,000 workers to payrolls, which is less than during January but still a “solid reading”, according to analysts.