Brief by Shorts91 Newsdesk / 02:35pm on 04 Apr 2025,Friday International
U.S. hiring surged in March, adding 228,000 jobs, defying recession fears and beating expectations, according to the Bureau of Labor Statistics. This marked a strong rise from February’s 151,000 jobs. The unemployment rate edged up to 4.2% but remains historically low. Job growth was led by the health care, transportation, and warehousing sectors. Meanwhile, federal government employment declined by 4,000 jobs amid budget cuts. Despite market selloffs driven by new Trump-imposed tariffs, the labor market showed resilience. Average hourly wages rose 3.8% year-over-year, outpacing inflation and reflecting stronger consumer purchasing power. (PC: abc News)
