Labor Dept Reports 303,000 New Jobs In March

CNBC reports:

Job creation in March easily topped expectations in a sign of continued acceleration for what has been a bustling and resilient labor market.

Nonfarm payrolls increased 303,000 for the month, well above the Dow Jones estimate for an increase of 200,000 and higher than the downwardly revised 270,000 gain in February, the Labor Department’s Bureau of Labor Statistics reported Friday.

The unemployment rate edged lower to 3.8%, as expected. In the key average hourly earnings measure, wages rose 0.3% for the month and 4.1% from a year ago, both in line with Wall Street estimates.

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NEW: The US added 303,000 jobs in March, surpassing all estimates https://t.co/5PY8hWMUlT

— Bloomberg (@business) April 5, 2024

Today we see the results of a failing economy, unemployment and jobs.

Sorry, that was from a Republican Trump report.

303,000 jobs in March.#Bidenomics is winning.
ADP: wages rose at an annual rate of 5.1%, outstripping inflation.

We are better 4 years later.#ncpol

— Scott Huffman (@HuffmanForNC) April 5, 2024