U.S. employment reverses course in March, rises by 196,000 jobs

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The U.S. economy added 196,000 jobs in March, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. MBA Vice President of Economic and Industry Forecasting Joel Kan said although unemployment is still well below historical averages, growth in hourly earnings is good news for the housing market, as wage growth continues to more closely align with home-price gains.