National job picture shows upswing

The U.S. economy saw an increase of 215,000 nonfarm jobs in March, according to the latest report from the U.S. Bureau of Labor Statistics, and the national unemployment rate inched up to 5.0%.

Gains were seen in retail (48,000 jobs), construction (37,000 jobs), and health care (37,000 jobs), while manufacturing (-29,000) and mining (-12,000) experienced losses.

After a 2-cent decline in February, the average hourly earnings for nonfarm employees increased 7 cents, to $25.43

The labor force participation rate is at 63.0% and has increased 0.6% points since September.