document: US jobless rate hits two-year low The US economy added 216,000 jobs last month , with the gains driving the country 's unemployment rate to a two-year low of 8.8 per cent , according to official figures released yesterday . The Labour Department report showed the largest increase in non-farm payrolls since May , boding well for recovery in the world 's largest economy . Figures for January and February were also revised upwards to show some 7,000 more jobs than previously reported . Encouragingly for policymakers , the private sector drove the rise , contributing 230,000 new positions last month . Government employment , on the other hand , fell by 14,000 to record its fifth consecutive month of decline . Though positive , economists warned that the recovery continued to face risks . '' `` The numbers are obviously good and one can hope that we will continue to see the market rise in continuing months , '' '' Bernard Baumohl , chief economist at the Princeton-based Economic Outlook Group , said . '' `` That said , there 's a nagging concern that the job outlook may be in jeopardy as energy prices keep escalating . '' ''
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