March jobs report: Employers added 228k jobs amid tariffs, DOGE cuts; unemployment at 4.2% [USA TODAY]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: USA TODAY
But gains for the previous two months were revised down substantially, offsetting some of March's strong showing. The unemployment rate, which is calculated from a separate survey, rose from 4.1% to 4.2%, the Bureau of Labor Statistics said Friday. "You cannot find any evidence of a nascent recession in these figures," Carl Weinberg, chief economist of High Frequency Economics, wrote in a note to clients. Economists surveyed by Bloomberg had expected about 140,000 job gains. Some forecasters said a rebound was likely following the adverse effects of frigid weather and worker strikes on payrolls in January and February. The labor market early in the year was even weaker than believed, with the bureau revising down payroll additions for those two months by a total 48,000. Just 111,000 jobs were added in January and 117,000 in February. What industries have the most new jobs? Health care, a reliable payroll engine the past couple of years, led March's job gains with 54,000.
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