Today’s Employment Situation Report indicated that in March, net nonfarm payrolls increased with private nonfarm payrolls adding 120,000 jobs and the unemployment rate going flat at 8.2% over the same period.Net private sector jobs increased 0.11% since last month climbing 1.93% above the level seen a year ago but but remained a whopping 4.14% below the peak level of employment seen in December 2007.