Jobs report: US economy adds 236,000 jobs in March, unemployment rate falls to 3.5%

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Last edited Fri Apr 7, 2023, 09:55 AM - Edit history (1)

Source: Yahoo! Finance

The March jobs report showed the U.S. labor market remains strong, likely keeping the pressure on the Federal Reserve to raise interest rates in its efforts to slow inflation.

The U.S. economy added 236,000 jobs in March while the unemployment rate fell to 3.5%, data from the Bureau of Labor Statistics released Friday showed.

Here are the key figures from the report, compared to last month's revised numbers:

Nonfarm payrolls: +236,000 vs. +326,000

Unemployment rate: 3.5% vs. 3.6%

Average hourly earnings, month-over-month: +0.3% vs. +0.2%

Average hourly earnings, year-over-year: 4.2% vs. +4.6%

Read more: https://finance.yahoo.com/march-jobs-report-april-7-2023-123139159.html

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From the source -

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Payroll employment rises by 236,000 in March; unemployment rate changes little at 3.5% https://bls.gov/news.release/empsit.nr0.htm
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8:30 AM · Apr 7, 2023

It's that Friday again and stay tuned for DU's economics analyzers to pipe in with the underlying data.

Article updated.

Original article/headline -

Jobs report: March jobs report shows hiring slows, unemployment rate steady at 3.5%

The March jobs report showed the U.S. labor market remains strong, likely keeping the pressure on the Federal Reserve to raise interest rates in its efforts to slow inflation.

The U.S. economy added 236,000 jobs last month as the unemployment rate held steady at 3.5%, data from the Bureau of Labor Statistics released Friday showed.

Here are the key figures from the report, compared to last month's revised numbers:

Nonfarm payrolls: +236,000 vs. +311,000

Unemployment rate: 3.5% vs. 3.5%

Average hourly earnings, month-over-month: +0.3% vs. +0.2%

Average hourly earnings, year-over-year: 4.2% vs. +4.6%

(snip)