U.S. non-farm payrolls increased in March by the most in three years as companies gained confidence the economic recovery will be sustained.
The Labor Department said payrolls rose by 162,000 last month, within the consensus range of 75,000 to 300,000. The increase included 48,000 temporary workers hired by the government to help conduct the 2010 census. Average hourly earnings dipped and hours worked rose. The unemployment rate, a lagging indicator, held steady at 9.7%. The stock market is closed today.
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