There is finally some good news on the employment front. Data from the Labor Department showed that payrolls rose steeply in March, the third increase in the last five months.

Data showed that Payrolls rose by 162,000 last month as the economy recovery picked up pace and employers showed more confidence. This is the largest increase in payrolls since March 2007, and the report was welcomed by President Obama, who said it was the best news in the last two years. [Read more…]