By CATHERINE RAMPELL and JAVIER C. HERNANDEZ
The clouds have parted.
After losing eight million jobs since the recession began in December 2007, payrolls finally surged in March, the Labor Department reported on Friday. Employers added 162,000 nonfarm jobs last month. Nationwide, the unemployment rate held steady at 9.7 percent.
“We are beginning to turn the corner,” said President Obama, speaking in Charlotte, N.C., calling it “the best news we’ve seen on the job front in more than two years.”
Though everything seems to be moving in the right direction, he was careful not to raise expectations too high. “It will take time to achieve the strong and sustained job growth that we need,” President Obama said.