March Jobs Report: U.S. Economy Adds 120K Jobs

Bad news: the streak of robust hiring in the U.S. economy has come to a close. After three months of at least 200,000 new jobs added, the U.S. produced only 120,000 jobs in March, a disappointing number that was lower than expected. The Bureau of Labor Statistics said Friday the unemployment rate dropped from 8.3 to 8.2 percent, due in part to fewer Americans looking for work, not entirely to more people finding jobs. Stock futures are falling in response to the news.