04/05/2024

In March, Employers Added 303,000 Jobs

This figure soared past expectations

Employers in the United States added 303,000 jobs in March, soaring past expectations and reflecting renewed strength in a labor market that continues to prop up the broader U.S. economy.

Last month, the unemployment rate ticked down to 3.8 percent, the Bureau of Labor Statistics reported Friday, extending the longest stretch of unemployment below 4 percent in 50 years.

The jobs market is charging ahead in 2024, churning out more jobs per month on average than before the pandemic. Job growth in March was notably higher than the average monthly gain over the past year, which was around 231,000, according to the agency.

Please select this link to read the complete article from The Washington Post.