US Job Growth Rebounds with 178,000 Jobs Added in March
US payrolls rose by 178,000 in March for the largest gain in 15 months. The jobless rate fell to 4.3% as many workers exited the labor force during the month.
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The United States labor market experienced a significant rebound in March, with nonfarm payrolls increasing by 178,000 jobs. This figure represents the largest monthly gain in 15 months and follows a downwardly revised decline of 133,000 positions in February. While the headline numbers suggest strength, economists point to underlying vulnerabilities, including a shorter average workweek and the slowest annual wage growth in nearly five years.
