jobs, labor and March
Digest more
Economists had forecast a gain of 60,000 jobs last month. The unexpected drop was due to job losses in health care and the federal government.
In a surprising turn, the US labor market added 178,000 jobs in March, defying analyst expectations and reversing previous declines. This unexpected growth highlights the employment sector's strength amid economic uncertainties and external pressures,
Financial Freedom Countdown on MSN
Jobs report beats expectations as Trump approval slides and labor force shrinks
The U.S. economy added 178,000 jobs in March, beating expectations and giving Donald Trump a positive economic headline even as his approval ratings decline. However, falling labor force participation,
Weak demand for labor and job destruction at federal & state governments should push up unemployment. But the supply of labor has plunged.
The current level of open jobs is down measurably from three years ago due to declines in construction activity, particularly in housing. However, recent gains for nonresidential construction have not fully offset soft conditions for housing with respect to the demand for construction labor.
Average hourly earnings rose just 0.2% in March, missing expectations as analysts warn softer wage growth and rising energy prices squeeze consumers.