Washington reported that U.S. employers added 178,000 jobs in March, the Labor Department said Friday, and the unemployment rate fell to 4.3 percent; the gain followed a 133,000-job loss in February and was driven largely by healthcare and construction as strike-affected workers returned this month. The April 3 report showed the labor force shrank by about 396,000 in March while average hourly wages rose 0.2 percent month-on-month and 3.5 percent year-on-year; economists and markets will reassess Federal Reserve expectations and near-term economic outlooks in the coming days.
Prepared by Christopher Adams and reviewed by editorial team.
Healthcare and construction employers benefited from rehiring and seasonal increase in demand, improving staffing levels and output following strike resolutions and warmer weather.
Job seekers and those counted in the labor force were disadvantaged by a 396,000 drop in labor force participation, which reduced measured employment opportunities.
U.S. Jobs Increase by 178,000; Unemployment Falls
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