Job Market Stronger Than Previously Reported, Data Show

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The U.S. economy added an average of nearly 39,000 more jobs each month for the year ended in March than previously thought, according to new data

Amid a record hiring streak in the U.S., economists are watching for signs of a possible wave turn. WSJ’s Anna Hirtenstein looks at how rising interest rates, high inflation, market selloffs and recession risks challenge the growth of America’s workforce. Photo: Olivier Douliery/AFPThe U.S.

labor market pumped out more jobs in its recovery from the pandemic than previously thought.in the year through March than the Labor Department originally estimated, the agency said Wednesday as part of routine annual revisions. That means the economy added an average of nearly 39,000 more jobs each month for the year ended in March than previously thought.

 

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