From the Department of Commerce:
The employment report for March 2011 provides excellent news: private payrolls grew by well over 200,000 for the second consecutive month and the unemployment rate ticked down to 8.8%. Additionally, nonfarm employment was revised upward by 5,000 in January and by 2,000 in February. The widespread job gains in March add to other positive signs about the labor market, including the continued drop in new claims for unemployment insurance. Overall, this month’s report is a very good one that signals ongoing job growth.