Jobs
Job Market Softens Only a Bit, Keeping Fed on Track for May Hike
- Nonfarm payrolls rose 236,000 in March, in line with forecast
- Participation rate up to three-year high, helping labor supply
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US payrolls rose at a firm pace last month with the unemployment rate dropping again near record lows, paving the way for the Federal Reserve to increase interest rates at its next meeting.
Nonfarm payrolls increased 236,000 — in line with forecasts — after an upwardly revised 326,000 advance in February, the Bureau of Labor Statistics said Friday. The unemployment rate fell to 3.5%.