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3w ago

U.S. Adds 228,000 Jobs in March, Surpassing Expectations

Despite tariff-related uncertainties and rising unemployment to 4.2%, private sector job growth and wage increases highlight a resilient labor market.

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Overview

  • The U.S. economy added 228,000 jobs in March 2025, significantly exceeding economists' expectations of 135,000 positions.
  • Private sector payrolls accounted for 209,000 of the new jobs, with healthcare, transportation, and warehousing leading growth.
  • The unemployment rate rose slightly to 4.2%, reflecting an increase in labor force participation and ongoing federal layoffs.
  • Hourly wages increased by 0.30% in March, aligning with projections and continuing a trend of modest wage growth.
  • Economists predict the Federal Reserve may cut interest rates later in 2025, citing tariff-related uncertainties and inflation concerns despite strong job growth.