U.S. payrolls rose by 228,000 in March, but unemployment rate increases to 4.2%
KEY POINTS
  • Nonfarm payrolls in March increased 228,000 for the month, up from the revised 117,000 in February and better than the Dow Jones estimate for 140,000.
  • Health care was the leading growth area, consistent with prior months. The industry added 54,000 jobs, almost exactly in line with its 12-month average.
  • Average hourly earnings increased 0.3% on the month, in line with the forecast, while the annual rate of 3.8%, the lowest level since July 2024.
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2 comments
Gus Cawley
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U.S. payrolls rose by 228,000 in March, but unemployment rate increases to 4.2%
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