Another month of robust US job growth points to continued economic strength
Time:2024-05-07 14:26:52 Source:travelViews(143)
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.
Previous:Netanyahu uses Holocaust ceremony to brush off international pressure against Gaza offensive
Next:Man recreates 20
You may also like
- Woman in Minnesota accused in the deaths of 2 children
- Donna Kelce flies into Cincinnati for Travis and Jason's live New Heights showt
- Football's ultimate big
- Venezuelan beauty queen Wilevis Brito, 24, dies following surgery on jaw and lip
- Russia plans nuclear weapon drills after angry exchange with Western officials
- Ellie Leach breaks down in tears over her cheating ex
- Venezuelan beauty queen Wilevis Brito, 24, dies following surgery on jaw and lip
- The players with the most free
- Russian journalist arrested for years