Unemployment rate has dropped in the U.S. in March to 4.4 percent due to close to 180,000 jobs have been added. This indicates an interestingly good performance despite the sluggishness of the U.S. economy.
The Labor Department on Friday said that the boost in jobs is the largest since December. The rate dropped from 4.5 in February and matches the unemployment rate of October 2006, which was the lowest rate in five years.
The chief economist at John Hancock Financial Services, Bill Cheney said, "There's been worry that housing troubles would seep into the rest of the economy and hurt jobs but that is not happening now."
