U.S. Economy Added 303,000 Jobs In March; Losses Seen In Entertainment Employment
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deadline.comThe U.S. economy added a robust 303,000 jobs in March, well above expectations, as the unemployment rate ticked down to 3.8%.
The latest figures from the Bureau of Labor Statistics showed that the pace of job growth still remains hot, despite some predictions of a slowdown.
The job growth was higher than the monthly average gain of 231,000 over the previous 12 months, according to the agency. Major jobs gains were in health care, government and construction.
Average hourly earnings increased by 12 cents, or 0.3%, to $34.69. Over the past 12 months, average hourly earnings have increased by 4.1%, above the rate of inflation.
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