Employers added 162,000 jobs in March. It was the biggest monthly gain in three years and continues a string of accelerated job growth that began last spring.
The latest report, which marks the third month since November in which payrolls registered a net increase, further punctuates that the labor market is pulling out of the deep downward spiral it was in early 2009.
We've continued to highlight the chart below in the later months of 2009. It details the abrupt turn in jobs trending since the government's stimulus package last April. What is most apparent is that should the positive trend continue, this recovery will have netted over 4M jobs by the end of 2010.