U.S. job market rebounds with gain of 196,000 in March

  • 📰 latimes
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 82%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The Labor Department said Friday that the unemployment rate stayed at 3.8%, near the lowest level in almost 50 years.

Hiring rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February's scant gain and evidence that many businesses still want to hire despite signs the economy is slowing.

Wage growth slowed a bit, as average hourly pay increased 3.2% from a year earlier. That is down from February's gain of 3.4%, which was the best in a decade.The figures suggest that February's meager job growth, which was revised to 33,000 from an initial 20,000, was a temporary blip and that businesses are confident the economy remains on a firm footing.

Still, the U.S. faces several challenges, including cautious consumers, slower growth in business investment, and a U.S.-China trade war that is contributing to slower growth overseas.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The Trump effect in action. 👍

Because unlike the Democrats they have to produce the evidence

why do we accept their statistics as valid? all trump’s agencies lie

I do not believe anything that comes out of the TrumpFascist administration.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Job market bounces back in March with 196,000 gain in payrollsNonfarm payrolls were expected to rise by 175,000 and the unemployment rate was projected to hold steady at 3.8 percent, according to economists surveyed by Dow Jones. Austin Goolsberry is an old hack, as he was always extremely positive on Obama’s economy, he never does now. Negative for political reasons.
Source: CNBC - 🏆 12. / 72 Read more »