The U.S. unemployment rate dipped to 8.9% in March, the lowest mark in nearly two years, according to the latest report from the Commerce Department.
The report stated 192,000 jobs were created last month.
Economists had predicted between 175,000 and 200,000 jobs would be created in February.
The unemployment rate had been at 9.1% in February. The rate was last below 9% in April 2009.
As recently as November 2010, the rate was 9.8%.
The "underemployment rate" -- the number of people who have stopped looking for jobs or who work part-time and would like full-time work -- dropped to 15.9%, also a near-two-year low.
In order to make a real dent in the unemployment rate, economists estimate that at least 300,000 jobs need to be created each month.
"All signs point to much stronger hiring," Mark Zandi, Moody's Analytics chief economist, told The Associated Press. "I think we finally have a prescription for a better job market.".........
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