Jobs Report suggests continued strength in employment, alleviating fears of looming recession.
Today’s much anticipated national employment report from the U.S. Bureau of Labor Statistics provided further evidence of continued solid economic growth. There were 196,000 jobs added in March, after a wild swing between January’s 312,000 additions and February’s 33,000 additions. The three-month average is now 180,000 in the first quarter, which was above economists’ expectations and still robust considering the low unemployment rate of 3.8 percent. The unemployment rate remained unchanged in March.
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