|
The March jobs report marks the first major release of economic data reflecting the period after the start of the Iran war, which has weighed on households and businesses.
|
|
The U.S. added a bigger-than-expected 178,000 new jobs in March and the unemployment rate fell to 4.3% last month in a sign the labor market is holding firm even as the economy undergoes another spasm of uncertainty tied to the Iran war.
|
RELATED ARTICLES | | |
|
The U.S. economy was in worse shape in the weeks before the U.S. and Israel launched strikes against Iran than earlier government estimates had suggested.
|
|
The job market showed further signs of weakness last month as employers cut 92,000 jobs. The unemployment rate inched up to 4.4%, from 4.3% in January.
|
|
The U.S. and many other large economies are set for a further slowdown this year, although there are signs of stabilization in China, according to leading indicators released by the OECD.
|
|
