Jobs growth hits slowest pace in nine months - WRCBtv.com | Chattanooga News, Weather & Sports

Jobs growth hits slowest pace in nine months

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WASHINGTON (NBC) -- Jobs growth stumbled in March as consumers and businesses paused to take stock amid worries about Washington's budget battle, Europe's continuing financial crisis and cooler weather.

The Labor Department reported that the U.S. economy created 88,000 non-farm jobs in March, much lower than the 195,000 to 200,000 expected and well below February's 254,000 increase. March's job creation was the lowest in nine months.

The unemployment rate slipped slightly to 7.6 percent, the lowest in four years, from 7.7. percent in February.

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