US Employment Gains Continue for Fourth Consecutive Month

March sees moderated wage growth, easing inflation concerns as Fed monitors situation.

• US employment gains continued in March with payrolls increasing by at least 200,000 for the fourth consecutive month.
• Wage growth moderated in March, with average hourly earnings projected to climb 4.1% from the same month last year, the smallest annual advance since mid-2021.
• The labor market's resilience is supporting economic activity without significantly risking a resurgence in inflation.
• Federal Reserve policymakers are holding off on reducing interest rates as they monitor further declines in inflation pressures.
• The unemployment rate is forecast to decrease slightly to 3.8%, indicating a slight loss of momentum in the job market.

3 Articles

Yahoo Finance Financial Post mint