Today’s jobs report might help ease some of the concerns investors had after a sluggish number in February. Wage growth is also firm, but it’s unlikely to stir inflation worries since price growth has been so slow lately.
That sound you’re hearing might be a sigh of relief from investors reacting to this morning’s monthly payrolls report.
Average hourly wages grew 3.2% year-over-year last month, another sign of possible economic strength, while the overall unemployment rate stayed at 3.8%, near 50-year lows. Inflation has been a non-starter lately, so the better than 3% wage growth isn’t likely to get many people worried about potential rising prices that sometimes go along with higher wages.
Restaurants and bars, along with construction, all had weak growth in February likely due in part to weather, but only restaurants and bars bounced back as temperatures warmed in March. That could be something to keep our eye on, though it’s not worth worrying about too much. But there does seem to be a leash keeping the market from really going gangbusters. One part of that could be some less-than-stellar economic data this week on U.S. durable goods orders, domestic private-sector payrolls, and German industrial orders.
The Dow Jones Industrial Average also gained yesterday, led by a nearly 2.9% rise in shares of Boeing despite Ethiopia’s transport minister saying the crew in the deadly crash last month of a 737 Max jet made by Boeing had repeatedly performed procedures provided by the company but still couldn’t control the plane. The company’s shares appeared to get some lift after Barron’s highlighted a tweet by Boeing’s CEO about a software update performing safely in a demo flight.
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March jobs report: 196,000 jobs added, unemployment rate stays steadyCNBC’s Sara Eisen breaks down the March jobs report, saying the overall results show the economy is not imminently heading into a recession.
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Jobs Growth Recovers In March After A Disappointing FebruaryToday’s jobs report might help ease some of the concerns investors had after a sluggish number in February. Wage growth is also firm, but it’s unlikely to stir inflation worries since price growth has been so slow lately.
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Economy added 196,000 jobs in March, bouncing back after dismal February dataEconomic growth is expected to slow this year as the impact of President Donald Trump's fiscal stimulus plan begins to fade.
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Economy added 196,000 jobs in March, bouncing back after weak February dataEconomic growth is expected to slow this year as the impact of President Donald Trump's fiscal stimulus plan begins to fade.
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U.S. private sector adds 129,000 jobs in March: ADPU.S. private employers added 129,000 jobs in March, below economists' expec...
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What to Watch for in March Jobs ReportThe U.S. releases its accounting of the March job market on Friday. Economists surveyed by The Wall Street Journal expect the Labor Department to say employers added a seasonally adjusted 175,000 jobs.
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The U.S. added 196,000 jobs in March as economy shows signs of spring bounceU.S. added 196,000 jobs in March as economy shows signs of spring bounce
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U.S. adds 196,000 jobs in March, unemployment flat at 3.8%WASHINGTON (MarketWatch) - The pace of hiring sped up in March as the U.S. economy added 196,000 jobs, rebounding from a paltry gain in the prior month. The...
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Employers Add 196,000 Jobs in March, More Than ExpectedThe unemployment rate held steady at 3.8%, just above a 49-year low, while average hourly wages for private-sector workers climbed 3.2% from a year earlier.
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U.S. Jobs Grew by 196,000 in March as Hiring Bounces BackHiring in the U.S. recovered in March with the economy adding 196,000 new jobs. The unemployment rate remained at a historically low level of 3.8%, underscoring that the labor market remains a source of strength for the economy.
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