196,000 new jobs just about removes any hopes that Democrats have of crashing the economy.
Despite a massive effort by the left to crash the economy, the economy is still plugging along.
Despite a massive effort by the left to crash the economy, the economy is still plugging along.
Job market bounces back in March with 196,000 gain in payrolls
That was better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end. The unemployment rate met expectations.
"With a strong March employment report now in the books, we've gotten some reassurance that the labor market is still strong," said Steve Rick, chief economist at CUNA Mutual Group. "Of course, last month's nosedive was disappointing, especially after December and January had such impressive numbers despite some sizable headwinds. But a good March report shows that February was more of an outlier than a canary in the coal mine."
Wage gains fell off the recent strong pace, increasing just 0.14% for the month and 3.2% year over year, below expectations of the 3.4% pace from last month. The average work week increased by 0.1 hour to 34.5 hours.
Job market bounces back in March with 196,000 gain in payrolls
- Nonfarm payrolls expanded by 196,000 and the unemployment rate held steady at 3.8%.
- Wage gains fell off the recent strong pace, increasing just 0.14% for the month and 3.2% year over year, below expectations of the 3.4% pace from last month.
- The numbers came a month after February's jaw-dropping gain of just 20,000, which was revised up to 33,000 in the March report.
That was better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end. The unemployment rate met expectations.
"With a strong March employment report now in the books, we've gotten some reassurance that the labor market is still strong," said Steve Rick, chief economist at CUNA Mutual Group. "Of course, last month's nosedive was disappointing, especially after December and January had such impressive numbers despite some sizable headwinds. But a good March report shows that February was more of an outlier than a canary in the coal mine."
Wage gains fell off the recent strong pace, increasing just 0.14% for the month and 3.2% year over year, below expectations of the 3.4% pace from last month. The average work week increased by 0.1 hour to 34.5 hours.
Job market bounces back in March with 196,000 gain in payrolls