Another month of robust US job growth points to continued economic strength
WASHINGTON (AP) — America’s employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates.
Last month’s job growth was up from a revised 270,000 in February and was far above the 200,000 jobs that economists had forecast. By any measure, it amounted to a major burst of hiring, and it reflected the economy’s ability to withstand the pressure of high borrowing costs resulting from the Federal Reserve’s interest rate hikes. With the nation’s consumers continuing to spend, many employers have kept hiring to meet steady customer demand.
Friday’s report from the Labor Department also showed that the unemployment rate dipped from 3.9% to 3.8%. The jobless rate has now remained below 4% for 26 straight months, the longest such streak since the 1960s. The government also revised up its estimate of job growth in January and February by a combined 22,000.
Related articles
US overdose deaths dropped in 2023, the first time since 2018
NEW YORK (AP) — The number of U.S. fatal overdoses fell last year, according to Centers for Disease2024-05-21'Chestnut Princess' Helps Rural Residents Promote Agricultural Products via Livestreaming
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Rural Woman Helps Villagers Attain Wealth by Growing Vegetables
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Young Girls in Henan Dream of Soccer Glory
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21Hollywood star Shia LaBeouf is spotted on the streets of Gavin and Stacey's hometown Barry
Hollywood star Shia LaBeouf has shocked onlookers after being spotted on the streets of Barry in Wal2024-05-21Dancer Sheds Light on Living with a Hearing Disability
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment