US Labor Market Shows Signs of Cooling Down in March
TL;DR Summary
The US economy added 236,000 jobs in March, bringing the unemployment rate down to 3.5%. Labor force participation is up, and unemployment for Black Americans is at a record low. Slowing wage growth is good news for the Federal Reserve as it weighs further rate hikes to slow down the economy. The Fed may have more room to pause rate hikes, and all eyes are on the CPI next week. Recession risks may depend on the actions of the Fed.
- Five takeaways from a strong March jobs report The Hill
- A labor market cooldown: US economy added just 236,000 jobs in March CNN
- March jobs report: 'The labor market is cooling down,' economist says Yahoo Finance
- Veteran hires keep rising as US unemployment falls to 3.5% Military Times
- US: Hiring is slowing, but not collapsing – Wells Fargo FXStreet
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