US Adds 303,000 New Jobs in February as Unemployment Rate Remains Below 4 Percent

The U.S. economy added a higher-than-expected 303,000 new jobs in March, while the unemployment rate was still below 4 percent, according to the Bureau of Labor Statistics (BLS). The labor market continues to remain resilient in a climate of high-interest rates and above-trend inflation.

February job gains were revised down by 5,000 to 270,000. The January numbers were adjusted higher by 27,000, but the downward revisions still totaled 97,000.

Economists had projected 200,000 positions in March.

The unemployment rate dipped to 3.8 percent in March, down from 3.9 percent. The consensus estimate was 3.9 percent.

Employment gains were concentrated in health care (72,000), government (71,000), leisure and hospitality (49,000), and construction (39,000). Manufacturing did not add any new jobs last month.

Average hourly earnings rose 0.3 percent monthly, up from an upwardly adjusted 0.2 percent, in line with market expectations. Year-over-year, they eased to 4.1 percent.

Read Full Article Here
 
"We are hiring" banner by Eric Prouzet is licensed under Unsplash unsplash.com

Follow us

Read our latest news on any of these social networks!

Get latest news delivered daily!

We will send you breaking news right to your inbox


Have a tip? Let us know!

Recent Articles

  • by:
  • Source: NBC News
  • 05/09/2025
...
FDA approves at-home HPV test to screen for cervical cancer

Traditional tests are done during a pelvic exam in the doctor’s office, an experience that many women find uncomfortable.

...
Ukraine Parliament Ratifies Trump’s Rare Earths Mineral Deal

KYIV, Ukraine (AP) – Ukraine’s Parliament unanimously voted in favor of ratifying of a landmark minerals deal with the U.S. on Thursday afternoon, a lawmaker said.

...
Luigi Mangione's legal defense fund hits $1 million in donations

Organizers said the financial milestone came from over 28,000 donations, with a median contribution of $20.

...
Fed holds rates steady despite pressure from Trump

The Federal Reserve’s interest rate setting committee held rates steady Wednesday at a range of 4.25 percent to 4.5 percent, despite calls from President Trump to lower borrowing costs amid price pressures from his trade war.