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Payrolls rise 192,000; unemployment holds steady

Payrolls rose 192,000 after a 197,000 gain in February that was larger than first estimated, the Labor Department reported.

By Lorraine Woellert | Updated on April 04, 2014
Veterans connect with employers at the U.S. Chamber of Commerce Foundation's Hiring Our Heroes job fair March 27 in New York. (John Minchillo/AP Images for U.S. Chamber of Commerce Foundation)

April 4 (Bloomberg) — Employers in the U.S. boosted payrolls in March and the unemployment rate held at 6.7 percent even as more Americans entered the labor force, showing steady progress that may prompt Federal Reserve policy makers to continue reducing stimulus while keeping interest rates low.

Payrolls rose 192,000 after a 197,000 gain in February that was larger than first estimated, the Labor Department reported today in Washington. The median forecast in a Bloomberg survey of economists projected a 200,000 gain. Private employment, which excludes government jobs, surpassed the pre-recession peak for the first time.

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