U.S. economy added 303,000 jobs last month

Job growth in the U.S. was strong in March, with nonfarm payrolls increasing by 303,000, according to the Labor Department's Bureau of Statistics. This is significantly more than the Dow Jones estimate for a rise of 200,000. 

The unemployment rate is also improving, with an expected slight decrease from 3.9% to 3.8%. However, the labor force participation rate moved higher to 62.7%, a .2% gain from February. 

Job growth came from the same sectors that have seen gains over the last few months. Health care led with 72,000 new jobs, followed by government with 71,000, leisure and hospitality with 49,000 and construction with 39,000. Retail trade saw 18,000 new jobs while the "other services" category trailed behind at 16,000. 

Read more: CNBC

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