The Labor Department said Friday that the unemployment rate stayed at 3.8%, near the lowest level in almost 50 years.
Hiring rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February's scant gain and evidence that many businesses still want to hire despite signs the economy is slowing.
Wage growth slowed a bit, as average hourly pay increased 3.2% from a year earlier. That is down from February's gain of 3.4%, which was the best in a decade.The figures suggest that February's meager job growth, which was revised to 33,000 from an initial 20,000, was a temporary blip and that businesses are confident the economy remains on a firm footing.
Still, the U.S. faces several challenges, including cautious consumers, slower growth in business investment, and a U.S.-China trade war that is contributing to slower growth overseas.
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Job market bounces back in March with 196,000 gain in payrollsNonfarm payrolls were expected to rise by 175,000 and the unemployment rate was projected to hold steady at 3.8 percent, according to economists surveyed by Dow Jones.
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Hiring rebounds as U.S. adds a solid 196,000 jobsHiring rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February and evidence that many businesses still want to hire despite signs the economy is slowing
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Hiring rebounds as U.S. employers add a solid 196,000 jobsThe Labor Department says the unemployment rate stayed at 3.8%, near the lowest level in almost 50 years.
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Hiring speeds up as U.S. economy adds 196,000 jobs in MarchThe U.S. created 196,000 new jobs last month after a swoon in February, an encouraging gain that hints growth in the economy is ready for a revival. The...
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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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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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The Latest: Hiring rebounds as US adds a solid 196,000 jobsBREAKING: Hiring rebounded in March as U.S. employers added a solid 196,000 jobs, up sharply from February's scant gain and evidence that many businesses still want to hire. The unemployment rate stayed at 3.8%, near the lowest level in almost 50 years.
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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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