Unemployment rate at 3.8%
05 April 2024
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2 min read
The US labour market has continued to show signs of strength with 303,000 new jobs added in March, while the unemployment rate remained broadly stable.
According to the US Bureau of Labor Statistics, total nonfarm payroll employment last month was higher than the average monthly gain of 231,000 over the previous 12 months, with most job gains occurring in health care, government and construction.
The US jobs growth figures came in much stronger than the 200,000 job gains anticipated by economists polled by Reuters. The unemployment rate last month stood at 3.8%, against a forecast of 3.9%.
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“Earlier signs of a softening labour market, marked by a modest rise…
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Senior Reporter at Investment Week
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