US Jobs Roar Again as Payrolls Jump 303,000, Unemployment Drops
- March payrolls exceeded all projections, biggest since May
- Unemployment rate fell to 3.8%, participation rate increased
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US payrolls rose in March by the most in nearly a year and the unemployment rate dropped, pointing to a strong labor market that’s powering the economy.
Nonfarm payrolls advanced 303,000 last month following a combined 22,000 upward revision to job gains in the prior two months, a Bureau of Labor Statistics report showed Friday. The rise exceeded all expectations in a Bloomberg survey of economists.