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The job market rebounded in March, as employment increased by 178,000 and the unemployment rate fell slightly to 4.3%.
The gains exceeded expectations, following job loss in February. The Bureau of Labor Statistics also revised data, adding an additional 34,000 jobs to January, showing a growth of 160,000, but subtracting 41,000 from February, showing a loss of 133,000.
The biggest job gains were in health care, in construction and transportation and warehousing.
Employment in movies and music continued to decline, shedding 1,100 jobs, at 337,400. Employment among broadcasting and content providers was flat, adding about 100 jobs to 334,200.
Average hourly earnings rose by 9 cents, to $37.38. For the year, average hourly earnings have increased by 3.5%, ahead of the rate of inflation.
Jason Furman, Harvard professor and chairman of the Council of Economic Advisers under President Barack Obama, posted on X, “In sum, the economy is basically at the Fed’s interpretation of its maximum employment mandate. It has been at it for some time. It is stable there. There is no reason it needs to think about cutting rates. For now, of course, the data can always shift.”
More to come.
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https://deadline.com/2026/04/jobs-march-unemployment-rate-1236772847/
Ted Johnson
Almontather Rassoul
