The U.S economy added 196,000 jobs in March, the Labor Department reported Friday, rebounding from a dismal February hiring slowdown.
The unemployment rate and held steady at 3.8 percent as the labor force participation rate stayed even at 63 percent.
Hourly earnings also increased by 3.2 percent in the past 12 months, slightly lower than February’s annual rate of 3.4 percent.
The March report brings average monthly employment growth to 180,000 for the first quarter of 2019 following gains of 312,000 jobs in January and 33,000 in February, according to revised totals released Friday.
The ADP National Employment Report released on Wednesday said private sector employment rose by 129,000 workers in March, increasing at its slowest pace in 18 months.
The bounce back toward strong job growth could help curb fears of an impending U.S. recession, even as monthly jobs gains and gross domestic product growth are likely to moderate in 2019.
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JUST IN: Economy rebounds with 196,000 jobs in March, unemployment holds at 3.8 percent https://t.co/YszlZeABFx pic.twitter.com/0a8TTAN2l3
— The Hill (@thehill) April 5, 2019
Sorry, don’t believe any of these rosy government stats.
Just heard the Lowes near me may he closing. For some the economy isn’t all that great.
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