Economy adds 103,000 jobs in March, unemployment steady at 4.1 percent
by Joseph Lawler
| April 06, 2018 08:30 AM
The economy created 103,000 new payroll jobs in March and the unemployment rate held steady at 4.1 percent, the Bureau of Labor Statistics reported Friday morning.
Job growth fell shy of forecasters’ expectations for about 175,000 new jobs.
The March slowdown in payroll growth, though, is likely attributable in part to winter weather, particularly in the northeast, slowing down commerce. Storms likely shaved around 60,000 payroll jobs from the month, according to figures from the Federal Reserve Bank of Chicago.
And even with March’s weaker-than-expected report, underlying job growth remains strong as the record-long labor market recovery stretches toward an eighth year.
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https://www.washingtonexaminer.com/policy/economy/economy-adds-103-000-jobs-in-march-unemployment-steady-at-41-percent
