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Still, greater restocking usually results in only a temporary increase to growth. Consumers must continue spending to keep stockpiles growing. So far, sales are rising quickly enough to keep businesses reordering goods. Job growth is crucial to encourage Americans to spend more. It was strong from December through February. But employers added just 120,000 jobs in March -- half the pace from the previous three months. That's raised concerns that job growth could be slowing. Many economists think March's slowdown was temporary. In the past three months, job gains have averaged 212,000 per month. The unemployment rate has dropped from 9.1 percent in August to 8.2 percent last month. If the economy continues to average roughly 200,000 new jobs per month, consumers are likely to feel more comfortable about spending.
[Associated
Press;
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