U.S. economy adds 236,000 jobs in March as labor market stays strong

: Employers still have plenty of demand for workers, despite aggressive efforts from the Federal Reserve to cool off the economy.The March gains are strong, but there are signs of a gradually cooling hiring trend. According to revisions from the Labor Department, the economy added 472,000 jobs in January and 326,000 payrolls in February.: Economists are closely watching the March jobs report to confirm whether or not the economy continued to pick up steam.

In an effort to help put a lid on inflation, Fed officials have said they want to see demand for workers more in balance with the supply. It's among the first major economic releases for March, when Silicon Valley Bank and Signature Bank collapsed and sparked fears about the financial system's health. Surveys used to compile the jobs data, however, were conducted in mid-March, while those events were still unfolding.: Average hourly earnings — a measure of wage growth — rose 0.3%. Over the year through March, hourly earnings are up 4.2%.

Meanwhile, the share of people employed or searching for jobs — known as the labor force participation rate — rose to 62.6% .

TruthTeamOne This 👆

What a straight on those numbers…

'stays strong' we haven't even recovered yet. Axios doesn't understand labor force participation rate

Employers still have plenty of demand for workers, despite aggressive efforts from the Federal Reserve to cool off the economy.

Another BidenWin 🤷🏻‍♂️ where’s SpeakerMcCarthy’s plan? POTUS is working for the people while GOPClownShowContinues DemsDeliverDemocracy

The recession that is always 6 months away

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Sumber: WSJ - 🏆 98. / 63 Baca lebih lajut »

US employers added 236,000 jobs in March in still-resilient labor marketUS employers added a solid 236,000 jobs in March in sign of a still-resilient labor market despite Fed rate hikes.
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Labor market adds 236,000 jobs in March, powering economy onBreaking news: Economy added 236,000 in March, reflecting strength in the labor market that continues to power the nation through head winds March marked the 27th straight month of job growth, according to data released Friday from the Bureau of Labor Statistics. I thought the goal was to slow things down, so that inflation slows? Isn’t that why the Fed is raising interest rates? Seems like we are working at cross purposes here? Another BidenWin 🤷🏻‍♂️ where’s SpeakerMcCarthy’s plan? POTUS is working for the people while GOPClownShowContinues DemsDeliverDemocracy
Sumber: washingtonpost - 🏆 95. / 72 Baca lebih lajut »

US employers added 236,000 jobs in March in still-resilient labor marketUS employers added a solid 236,000 jobs in March in sign of a still-resilient labor market despite Fed rate hikes.
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