US Labor Market Tightens as Unemployment Rate Falls to New Low Despite Payroll Failure By Investing.com


© Reuters

By Geoffrey Smith

Investing.com — The U.S. labor market tightened again in March, with the unemployment rate falling to a new post-pandemic low, even as the economy added fewer jobs than expected.

rose by 431,000 in the month to mid-March, well below consensus forecast of an increase of 490,000. However, the shortfall was fully offset by an upward revision of 62,000 February data, bringing the previous month’s gain to 750,000.

As a result, the fell to 3.6% from 3.8% in February, slightly below the forecast of 3.7%.

also rose more than expected, reflecting a further shift in the balance of forces in the labor market towards workers. The U.S. economy had more than 11 million job vacancies in March, according to a survey released earlier in the week by the Labor Department. Revenue rose 5.6% on the year to March, its fastest rate since the early days of the pandemic.

Warning: Merged media would like to remind you that the data contained in this site is not necessarily in real time or exact. All prices for CFDs (stocks, indices, futures) and Forex are not provided by exchanges but rather by market makers, and therefore prices may not be accurate and may differ from the actual market price, which which means that the prices are indicative and not suitable for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur due to the use of this data.

Merged media or anyone involved with Fusion Media will accept no liability for any loss or damage resulting from reliance on the information, including data, quotes, charts and buy/sell signals contained in this website . Please be fully informed of the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investment possible.

Previous Friday brings good economic news for the White House and the nation
Next Joe Biden has great economic news. Why can't Americans hear it?