Hiring in March was surprisingly strong, signaling the labor market was stabilizing as the Iran war continues – though economists have warned higher energy prices from the conflict could spook employers and keep the Fed from cutting interest rates.
US employers added 178,000 jobs in March – above expectations of 59,000 added jobs and a rebound from a decline of 92,000 the previous month, the Bureau of Labor Statistics said Friday.
The unemployment rate ticked down to 4.3%, from 4.4% in February.
This is a developing story.
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