Support Intelligent, In-Depth, Trustworthy Journalism.
The economy added 103,000 jobs last month, fewer than economists had expected and the lowest monthly total since last September.
Economists had predicted 185,000 new jobs in March, according to a Bloomberg survey taken before the Bureau of Labor Statistics released its monthly jobs report Friday. The March slump followed robust gains in February, when the economy added more than 300,000 jobs.
“The March employment report is on the disappointing side,” said Mark Hamrick, the senior economic analyst at Bankrate.com.
Still, Hamrick and other analysts said the economy overall remained strong. The unemployment rate remained unchanged at 4.1 percent, and wages grew slightly.
“It’s a pretty solid picture all the way around,” said Dan North, the chief economist at Euler Hermes North America. “Things still look fine.”
Here are top takeaways from the March report:
Daniel Bush is PBS NewsHour's Senior Political Reporter.
Support PBS NewsHour:
Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else.
Thank you. Please check your inbox to confirm.