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job growth

NEW YORK (CNNMoney) — The United States economy is on the road to recovery, the White House said Friday, with stronger job growth expected this year.

But income inequality and Europe’s debt crisis could still pose challenges, according to a report released by President Obama’s Council of Economic Advisers.

Read more about this wishful thinking.

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In a sign of continued improvement in the job market, private sector employers added over 200,000 positions in March and the number of planned job cuts fell, according to two reports released Wednesday.

Payroll processing company ADP said private sector payrolls grew by 201,000 in March, after a revised 217,000 increase in February. Economists were expecting a gain of 210,000 private sector jobs, according to consensus estimates from Briefing.com.

Read the CNNMoney.com article.

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