Labor Department Issues Strong Jobs Report For March

Axios reports:

The U.S. labor market continues to add jobs at a strong pace: Payrolls rose by 236,000 in March, while the unemployment rate ticked down to 3.5%, the lowest level in over a half-century, the Labor Department said on Friday.

Employers still have plenty of demand for workers, despite aggressive efforts from the Federal Reserve to cool off the economy. The payroll gains are roughly in line with what economists expected.

The March gains are strong, but there are signs of a gradually cooling hiring trend. According to revisions from the Labor Department, the economy added 472,000 jobs in January and 326,000 payrolls in February.

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