The March unemployment rate dropped to 8.8 percent, the lowest in two years, according to the federal Bureau of Labor Statistics most recent report.
Employment increased by 216,000 in March, which surpassed economists’ expectations of about 190,000 new jobs, according to a Bloomberg News Survey.
Professional and business services had the most job gains at 78,000, though 68 percent of industries added jobs last month.
However, despite the job gains, students are still feeling pressure from the economy.
Sophomore economics major Sara Zalcgendler said, “Even though I have time, I still think that after I graduate the job market still won’t so great, but the fact that unemployment’s decreasing slowly but surely does give me hope.”
Sophomore history and education major Danielle Katz agrees.
“I’ve noticed that students can easily find internships, because they’re not being paid, but can’t find a stable, paying job,” she said. “For the younger people who are just graduating it’s really hard.”
Tig Gilliam, president of the North American unit of job placement firm Adecco, said, “it’s strong across the board … is it as fast as we’d all want? Probably not, but it’s moving in the right direction and it continues to accelerate.”