US job market recovery stalled in March, halting streak of major gains

Employers added only 120,000

jobs last month, well below estimates, the unemployment rate back to 8.2%

Recovering U.S. job market stagnated in March, adding only 120,000 jobs, according to the Labor Department, well below the figures for most economists predict summer.

United States

227,000 jobs added in February, and economists expect that this would be the fourth consecutive month that the economy has created over 200,000 jobs. Before the release of economists in a Bloomberg News payroll survey forecast to increase by 205,000 in March.

fall will be disappointing for President Barack Obama, who has put the economic recovery at the heart of his reelection campaign.

The unemployment rate, which is obtained by a separate survey of U.S. households, marked by a tenth of a percentage point to 8.2%, but the decline is partly due to the less Americans search of work.

The figures come as a surprise after yesterday's news that the number of Americans applying for unemployment benefits fell last week to a minimum of four years.

But the Federal Reserve, Ben Bernanke, has warned for some time that the U.S. economic recovery remains fragile. Last month, said the recovery in the labor market may be "out of sync" with the global economy.

• employment growth has been driven by private companies, which added 121,000 jobs in March, the Labor Department. The government will cut 1,000 jobs.
• David Semmens, an economist at Standard Chartered United States, said that the figure is a reminder that "the United States is not fully operational again." He said that the figures had took everyone by surprise. Economists estimate were lower before the figures were released was 175,000, he said. Despite the drop in unemployment was negative. "It's just people who leave the work, which is not really a good thing, "he said.

Mitt Romney, the Republican presidential candidate is expected this week accused President damage the U.S. economy to hide their true intentions of voters. "With all the challenges facing the country, this is not the time for hiding and hunting campaign of President Obama," he said.

The unemployment rate fell again, but still a problem for Obama. It was 7.8% when he took office in January 2009 and reached 10% after nine months. It has now fallen to 8.3%, its lowest level in three years, but no president since Franklin Delano Roosevelt was re-elected with unemployment over 7.2%.

investors will have to wait until Monday to respond to new. U.S. stock markets were closed Friday for Easter and Passover.

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