U.S. jobs report: A tale of 2 surveys, at a glance

The U.S. unemployment rate fell to 4.5 percent in March, the lowest level in nearly a decade, from 4.7 percent, and an encouraging sign for the job market. Yet employers added just a meager 98,000 jobs — barely half the pace of January and February. How did the unemployment rate manage to drop so much when the job gain was so weak? The reason relates to a little-known fact about the government’s monthly jobs report: The government conducts one survey to learn how many jobs were created and anoth...

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