The jobless rate fell to 3.8%, as most sectors, including health care, construction and the government added roles, the Labor Department said.

It marked another month of stronger-than-expected growth. Economists had forecast job gains of about 200,000.

Analysts said the strong figures could delay cuts to US interest rates.

The US central bank’s key interest rate is currently at the highest level in more than two decades, in a range of 5.25%-5.5%.

Analysts have expected the Federal Reserve to start cutting rates this year to avoid a harsh slowdown triggered by high borrowing costs.

But a stronger-than-expected economy has raised doubts about how soon those cuts might come.

“The blockbuster 303,000 increase in non-farm payrolls in March supports the Fed’s position that the resilience of the economy means it can take its time with rate cuts, which might now not begin until the second half of this year,” said Paul Ashworth, chief economist at Capital Economics.

The Fed raised interest rates sharply in 2022 to try to slow the economy and ease the pressures that were pushing up prices at the fastest rate in decades.

Price inflation in the US has since cooled, dropping to 3.2% in February, without the big jump in unemployment some had feared would follow the rise in borrowing costs.

Economists said the labour market has been helped by government spending in areas such as high tech manufacturing and infrastructure.

An influx of more than three million immigrants last year has also added to the workforce, which analysts say may be helping to keep a lid on wages, allowing the jobs boom to proceed without reigniting inflation.

In March, the average hourly pay was up 4.1% from a year earlier, roughly in line with expectations and near a three-year low.

President Joe Biden hailed the latest figures as a “milestone in America’s comeback”.

But Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, warned that the strong jobs growth could make returning the inflation rate to the Fed’s 2% target difficult.

The report signals that “the economy has plenty of excess energy that may need to be tamed by continued higher rates,” she said, noting that some analysts are now betting rate cuts will not come until 2025.

Higher interest rates in the US have put pressure on economies around the world, as they entice investors to America and away from other countries.

“The Federal Reserve’s dashboard still has some warning lights to deal with before signalling the all-clear for cutting,” she said.

Source

980 comments

  1. With havin so much content do you ever run into any problems of plagorism or copyright violation? My website has a lot of completely unique content I’ve either authored myself or outsourced but it seems a lot of it is popping it up all over the web without my agreement. Do you know any ways to help prevent content from being stolen? I’d definitely appreciate it.

    Reply

  2. Pretty section of content. I just stumbled upon your blog and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Any way I will be subscribing to your feeds and even I achievement you access consistently fast.

    Reply

  3. Great blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple adjustements would really make my blog shine. Please let me know where you got your theme. With thanks

    Reply

  5. I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…

    Reply

  7. After I originally commented I clicked the -Notify me when new feedback are added- checkbox and now every time a remark is added I get 4 emails with the same comment. Is there any method you can remove me from that service? Thanks!

    Reply

  11. I do agree with all of the ideas you have presented in your post. They’re very convincing and will certainly work. Still, the posts are very short for newbies. Could you please extend them a bit from next time? Thanks for the post.

    Reply

  12. Simply desire to say your article is as astonishing. The clearness in your post is simply excellent and i could assume you’re an expert on this subject. Well with your permission let me to grab your feed to keep updated with forthcoming post. Thanks a million and please keep up the gratifying work.

    Reply

  13. of course like your website however you need to take a look at the spelling on quite a few of your posts. A number of them are rife with spelling problems and I in finding it very troublesome to inform the reality however I will certainly come again again.

    Reply

  14. Hello there! I could have sworn I’ve been to this website before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely delighted I found it and I’ll be book-marking and checking back often!

    Reply

  15. Hello there! This post couldn’t be written any better! Reading through this post reminds me of my old room mate! He always kept chatting about this. I will forward this write-up to him. Fairly certain he will have a good read. Thanks for sharing!

    Reply

  16. hi!,I like your writing very a lot! proportion we keep in touch more approximately your post on AOL? I require an expert on this space to unravel my problem. Maybe that’s you! Taking a look forward to peer you.

    Reply

  17. Very good blog! Do you have any suggestions for aspiring writers? I’m planning to start my own blog soon but I’m a little lost on everything. Would you suggest starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m totally overwhelmed .. Any recommendations? Thanks!

    Reply

  20. Amazing! This blog looks just like my old one! It’s on a completely different topic but it has pretty much the same layout and design. Outstanding choice of colors!

    Reply

  22. Good blog! I really love how it is simple on my eyes and the data are well written. I’m wondering how I might be notified when a new post has been made. I have subscribed to your feed which must do the trick! Have a nice day!

    Reply

  37. Hi, Neat post. There’s a problem with your website in internet explorer, would check this… IE still is the market leader and a large portion of people will miss your fantastic writing because of this problem.

    Reply

  43. Fitspresso is a brand-new natural weight loss aid designed to work on the root cause of excess and unexplained weight gain. The supplement uses an advanced blend of vitamins, minerals, and antioxidants to support healthy weight loss by targeting the fat cells’ circadian rhythm.

    Reply

  53. Dentavim is a revolutionary dietary supplement designed to promote oral health by addressing two major concerns: teeth’ cleanliness and gums’ health. Unlike typical oral hygiene products that focus solely on surface treatment, Dentavim dives deeper into the issues often caused by environmental factors, especially particulate matter, which can lead to persistent bad breath and stubborn stains. This product contains a proprietary blend of six potent nutrients derived from natural sources to enhance dental hygiene and overall well-being.

    Reply

  59. Wow, awesome blog structure! How long have you ever been running a blog for? you make blogging look easy. The overall look of your site is great, let alone the content!

    Reply

  71. Thank you a lot for providing individuals with an exceptionally pleasant possiblity to discover important secrets from this web site. It is usually so brilliant and also packed with fun for me and my office mates to search your blog at the very least three times in one week to find out the new things you have got. Not to mention, I am also actually satisfied with the attractive pointers you serve. Certain two tips in this post are surely the most effective I’ve had.

    Reply

  100. Hi would you mind letting me know which hosting company you’re working with? I’ve loaded your blog in 3 completely different web browsers and I must say this blog loads a lot faster then most. Can you suggest a good web hosting provider at a honest price? Kudos, I appreciate it!

    Reply

  116. sugar defender is a potent and effective way to support healthy blood sugar levels throughout the day. As your body adjusts to the ingredients, you’ll notice reduced hunger, increased energy, and improved blood sugar readings.

    Reply

  592. Excellent read, I just passed this onto a friend who was doing some research on that. And he actually bought me lunch because I found it for him smile Thus let me rephrase that: Thanks for lunch! “Do you want my one-word secret of happiness–it’s growth–mental, financial, you name it.” by Harold S. Geneen.

    Reply

  880. Hi, Neat post. There’s an issue with your site in internet explorer, might check this… IE still is the marketplace leader and a huge part of people will miss your wonderful writing due to this problem.

    Reply

  928. Thank you for sharing superb informations. Your website is very cool. I am impressed by the details that you’ve on this website. It reveals how nicely you understand this subject. Bookmarked this web page, will come back for extra articles. You, my friend, ROCK! I found simply the information I already searched all over the place and simply could not come across. What a great website.

    Reply

  931. Hey there! I know this is kinda off topic but I was wondering which blog platform are you using for this site? I’m getting fed up of WordPress because I’ve had problems with hackers and I’m looking at options for another platform. I would be awesome if you could point me in the direction of a good platform.

    Reply

  941. I like what you guys are up too. Such smart work and reporting! Carry on the superb works guys I¦ve incorporated you guys to my blogroll. I think it’ll improve the value of my web site 🙂

    Reply

  980. I absolutely love your blog and find nearly all of your post’s to be just what I’m looking for. Would you offer guest writers to write content in your case? I wouldn’t mind publishing a post or elaborating on some of the subjects you write related to here. Again, awesome website!

    Reply
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

OpenAI staff demand board resign over Sam Altman sacking

By Chris Vallance, Annabelle Liang & Zoe Kleinman Technology and business reporters…

Time travel: What if you met your future self?

By Hal Hershfield15th November 2023 Imagining a conversation with “future you” has…

Can AI cut humans out of contract negotiations?

By Sean McManus Technology Reporter “Lawyers are tired. They’re bored a lot…

Nasa astronaut Frank Rubio has just returned from a record-breaking 371 days in space onboard the ISS, but the trip may have altered his muscles, brain and even the bacteria living in his gut.

With a few handshakes, a brief photoshoot and a wave, Nasa astronaut…

AI: EU agrees landmark deal on regulation of artificial intelligence

European Union officials have reached a provisional deal on the world’s first…

The race to buy AI website addresses

By David Silverberg Technology reporter When tech entrepreneur Ian Leaman needed to…

Israel Gaza: US rejects global calls for ceasefire

By Antoinette Radford BBC News The US has rejected global calls for…

Black Women in Cybersecurity Initiative

About this event 1 hour Mobile eTicket Overview The Black Women in…