Economy added 431,000 jobs in March despite worries over slowing growth
Nonfarm payrolls were expected to rise by 490,000 in March, according to Dow Jones estimates.
www.cnbc.com
"Nonfarm payrolls expanded by 431,000 for the month, while the unemployment rate was 3.6%, the Bureau of Labor Statistics reported Friday. Economists surveyed by Dow Jones had been looking for 490,000 on payrolls and 3.7% for the jobless level."
Seems like US fell a bit short of what was hoped. Anything positive in job growth is always a good thing, especially with rising inflation and consumer pricing.
"Revisions from prior months also were strong. January’s total rose 23,000 to 504,000, while February was revised up to 750,000 compared to the initial count of 678,000. For the first quarter, job growth totaled 1.685 million, an average of nearly 562,000."
Glad to see that January's and February's total jobs were revised up.