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........