Hiring speeds up as U.S. economy adds 196,000 jobs in March

Growth in hourly pay slows a bit after reaching a 10-year high

By Jeffry Bartash Reporter |

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Employees take a break, but not for long. The U.S. added 196,000 new jobs in March, showing the labor market still has plenty of punch even though the economy has slowed.

The numbers: The U.S. created 196,000 new jobs last month after a swoon in February, an encouraging gain that hints growth in the economy is ready for a revival.

Hiring increased in most major segments of the economy, most notably health care and white-collar firms. The flush of new jobs kept the unemployment rate near a 50-year low of 3.8%, the Labor Department said.

The rebound in hiring might temper unease about the economy after a rocky start in 2019. Although a spate of large companies have announced layoffs recently, most firms are still looking to hire. One of their chronic complaints: A shortage of skilled labor.

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About Cholo Brooks 13327 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.