U.S.unemployment drops to 7.6 percent in March

The U.S. unemployment rate dropped to 7.6 percent in March from 7.7 percent in February with job creation growing at a meager pace, the U.S.Used loaders Labor Department said on Friday.Total non-farm payroll employment increased by 88,000 in March,carbon prepreg with the private sector creating 95,000 jobs last month. U.S. governments at all levels shed 7,000 jobs last month against the backdrop of federal spending cuts.In March, the number of total unemployed Americans stood at 11.7 million, down from 12.0 million in February, but that is mainly because more people stopped looking for work due to the still grim labor market outlook. 

The U.S. participation rate, a barometer of the active portion of an economy's labor force, fell to 63.3 percent in March from 63.5 percent in February.Employment rose in various sectors last month,Clawfoot tub faucets including construction, health care, professional and business services, showed the report.The construction sector added 18,000 jobs,tyre equipments while professional and business services gained 51,000 jobs last month. The manufacturing industry shed 3,000 jobs, while the retail trade sector lost 24,carbon sheet100 jobs last month.However, the job gains in March was only about half of the previous 12 months when an average of 169,000 jobs were added each month, said the department.