America's employers extended a streak of robust hiring in March, adding 431,000 jobs in the face of a still-destructive pandemic and rising inflation.
America's employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy's resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.
The Labor Department's report Friday showed that last month's job growth helped reduce the unemployment rate to 3.6%, the lowest level since the pandemic erupted two years ago. Despite the inflation surge, persistent supply bottlenecks, the damaging effects of COVID-19 and now a war in Europe, employers have added at least 400,000 jobs for 11 straight months.
Inflation may be starting to weaken consumer spending, the main driver of the economy. Americans increased their spending by just 0.2% in February, down from a much larger gain in January. Full story here:ECONOMY BY THE NUMBERS 8 charts tracking the US economy Tags The business news you need Get the latest local business news delivered FREE to your inbox weekly.
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U.S. added 431,000 jobs in March in sign of economic healthAmerica’s employers extended a streak of robust hiring in March, adding 431,000 jobs in a sign of the economy’s resilience in the face of a still-destructive pandemic and the highest inflation in 40 years.
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March jobs report 2022: US added 431,000 jobs in sign of economic healthThe U.S. added 431,000 jobs in March 2022 in a sign of a resilient economy — as unemployment fell to a pandemic low of 3.6%.
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U.S. Added 431,000 Jobs In March In Sign Of Economic HealthThe job market has continued to rebound with unexpected speed from the coronavirus recession.
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Economy Added 431,000 Jobs In March As Unemployment Rate Falls To 3.6%The U.S. economy added 431,000 in March, continuing its robust growth, as the unemployment rate fell to 3.6%. The number of jobs added met or beat expectations, and signaled the continued return of…
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