The economy added more jobs than expected in March
The economy added more jobs than expected in March
Economists had expected just 59,000 new jobs, but payrolls grew by 178,000. Unemployment held steady at 4.3%, as healthcare again led job gains
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March payrolls climbed by 178,000, the Bureau of Labor Statistics said Friday. That easily outpaced the 59,000-job gain that Wall Street analysts had penciled in via Dow Jones consensus estimate, according to CNBC. The unemployment rate came in at 4.3%, a tenth of a percentage point below what forecasters had anticipated.
March's headline number stands in contrast to a difficult stretch for the labor market. February's jobs report showed the economy shedding 92,000 positions, with the information sector losing jobs at double its prior-year........
