File - A picture taken on March 13, 2015, construction workers pour concrete via a pumper truck for part of the foundation of a new building being built in downtown Washington, DC. AFP Photo/ Paul J. Richards
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U.S. employers added the fewest number of jobs in more than a year in March which could heighten concerns over the recent slowdown in economic growth and delay an anticipated interest rate increase by the Federal Reserve.Nonfarm payrolls rose 126,000 last month, the smallest gain since December 2013, the Labor Department said Friday. The goods producing sector, which had been hurt by a strong dollar and lower crude oil prices, shed 13,000 jobs in March – the largest drop since July 2013 .March's tepid increase in payrolls ended 12 straight months of job gains above 200,000, which had been the longest streak since 1994 .While the labor force participation rate, or the share of working-age Americans who are employed or at least looking for a job, slipped one-tenth of a percentage point to 62.7 percent last month, other measures on the Fed's so-called dashboard continued to improve.A broad measure of joblessness that includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment fell to a more than 6-1/2-year low of 10.9 percent from 11 percent in February.The mining sector also saw more job losses last month, with payrolls falling 11,000 .
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