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U.S. Hiring Stays Robust as Jobless Rate Falls, Wages Pick Up
Posted
April 1, 2022
Views
465
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20
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8
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6.02%
April 1, 2022
465
20
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6.02%
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8:26Now PlayingThe U.S. added close to half a million jobs in March and the unemployment rate fell by more than expected, highlighting a robust labor market that’s likely to support aggressive Federal Reserve tightening in the coming months.
Nonfarm payrolls increased 431,000 last month after an upwardly revised 750,000 gain in February, a Labor Department report showed Friday. The unemployment rate fell to 3.6%, near its pre-pandemic low, and the labor force participation rate ticked up. Wage gains accelerated.
Bloomberg Government Congressional Reporter Emily Wilkins and Bloomberg Economics Chief U.S. Economist Anna Wong discuss on Quicktake Charge.
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