In March, the U.S. economy saw a continued increase in job creation, with an accelerated pace compared to the previous month, despite ongoing economic uncertainties. According to the Labor Department, employers added 228,000 jobs during that period, surpassing the forecast of 135,000 jobs expected by LSEG economists.
The unemployment rate for March rose slightly to 4.2%, exceeding both the previous month’s figure and economists’ predictions. Additionally, the job figures for January and February underwent revisions. January’s job creation was adjusted downwards by 14,000, changing from an initial report of 125,000 to 111,000. February’s figures were also revised down by 34,000, from 151,000 to 117,000. Collectively, these revisions reflect a decrease of 48,000 jobs from earlier reports.
This report is subject to further updates as new information becomes available.
