U.S. Adds 178,000 Jobs in March as Unemployment Dips to 4.3%

The U.S. economy added 178,000 jobs in March, nearly triple economists' forecasts.

The unemployment rate dipped to 4.3%, down from 4.4% in February.

@coindesk

Health care was the dominant driver, adding 76,000 jobs largely due to strike resolutions.

Goldman Sachs estimated 122,000 of the gains were attributable to seasonal factors and recalibrations.

The federal government continued shrinking, shedding 18,000 jobs in March.

Average hourly earnings rose 3.5% over the year, the slowest since 2021.

ABC News

Labor force participation inched down, and about 7.2 million people remained unemployed.

Most of the jobs report's data was collected before the full economic impact of the Iran war.

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Axios

Energy price shocks and geopolitical uncertainty threatened to undermine the rebound.

The report established a baseline of a resilient economy before the war's effects took hold.

USA Today linked the jobs report to shifting graduate priorities in a choppy market.

60,620 layoffs were announced in March, up 25% from February.

CNBC

The economic expansion faces dual challenges of a war-triggered shock and structural weaknesses.