The Bureau of Labor and Statistics (BLS) released March’s jobs report Friday, noting 303,000 jobs were added and the unemployment rate rose slightly to 3.8%. Jobs gains were mostly seen in health care, government, and construction. Employment in leisure and hospitality trended up in March and has returned to its pre-pandemic February 2020 level.
“The March job report indicated a resilient economy that continues to post strong job gains despite restrictive monetary policy,” said America’s Credit Unions’ Dawit Kebede. “Moderating wage growth and increased labor force participation show a labor market coming into more demand and supply balance easing pressure on inflation.”
