US Hiring Picks Up, Showcasing Solid Job Market Ahead of Tariffs
Economists are also paying close attention to how labor supply and demand dynamics are impacting wage gains — especially with inflation risks heating up again.
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US job growth topped all forecasts in March, suggesting the labor market was holding up well before President Donald Trump’s aggressive tariffs start making their way through the economy.
Nonfarm payrolls increased 228,000 last month in a broad advance, according to Bureau of Labor Statistics data out Friday. Downward revisions to the prior two months were modest, and while the unemployment rate rose, it was mostly a rounding error.