US payrolls grow by 178,000 as jobless rate falls to 4.3%

US nonfarm payrolls rose by 178,000 last month while the unemployment rate dipped to 4.3%. Rising energy costs and geopolitical tensions pose mounting risks.

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Employment growth in the United States experienced a significant rebound in March, with nonfarm payrolls increasing by 178,000 jobs. This recovery follows a downwardly revised decline of 133,000 positions in February, according to the Bureau of Labor Statistics. The unemployment rate also edged lower to 4.3%, down from 4.4% the previous month.

A hiring notice is displayed at a Target retail location in Encinitas, California, on March 30, 2026. REUTERS/Mike Blake
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